Angi (NASDAQ:ANGI) Stock Rating Upgraded by Wall Street Zen

Angi (NASDAQ:ANGI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the company. Citizens Jmp lowered Angi from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Zacks Research lowered Angi from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. JMP Securities reiterated a “market perform” rating on shares of Angi in a research report on Monday, June 16th. Citigroup lowered Angi from a “buy” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada lifted their price target on Angi from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.07.

Angi Trading Down 5.4%

Shares of ANGI stock opened at $13.36 on Friday. The stock has a market capitalization of $592.38 million, a price-to-earnings ratio of 10.86 and a beta of 1.75. Angi has a 12-month low of $10.88 and a 12-month high of $27.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $17.17 and its 200-day moving average price is $15.71.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $278.22 million during the quarter, compared to analysts’ expectations of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.The company’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new stake in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.