Angi (NASDAQ:ANGI) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Angi Inc. (NASDAQ:ANGI) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $5.81 and traded as high as $6.22. Angi shares last traded at $6.10, with a volume of 766,383 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citizens Jmp reissued a “market perform” rating on shares of Angi in a report on Monday, July 13th. UBS Group set a $14.00 target price on shares of Angi in a research note on Thursday, September 24th. Truist Financial set a $10.00 price objective on Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Angi in a research report on Friday, September 11th. They issued an “underweight” rating for the company. Finally, The Goldman Sachs Group set a $6.00 price objective on Angi and gave the company a “neutral” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.57.

Angi Stock Up 4.9%

The stock has a market capitalization of $266.57 million, a P/E ratio of -1.19 and a beta of 1.71. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $5.13 and a two-hundred day simple moving average of $5.80.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts forecast that Angi Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Angi

Hedge funds have recently bought and sold shares of the stock. Pale Fire Capital SE bought a new position in Angi in the second quarter valued at $23,386,000. Flax Pond Capital LLC bought a new position in Angi during the first quarter worth about $3,324,000. Pacer Advisors Inc. bought a new position in Angi during the first quarter worth about $1,592,000. Empowered Funds LLC acquired a new position in Angi during the first quarter worth approximately $1,136,000. Finally, Engineers Gate Manager LP acquired a new position in Angi during the second quarter worth approximately $399,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its platform, consumers can search for service providers, request project estimates, schedule appointments and manage home-related projects.

The company serves a broad range of categories, including remodeling, roofing, plumbing, electrical work, landscaping, cleaning and other residential services. Angi generates business by helping service professionals market their offerings and connect with potential customers, while providing homeowners with tools and information to evaluate and arrange services.

The company traces its history to Angie’s List, which was founded in 1995.