Angi (NASDAQ:ANGI) Rating Increased to Buy at StockNews.com

Angi (NASDAQ:ANGI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued reports about the company. Royal Bank of Canada dropped their price target on Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup raised their price target on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

Angi Stock Performance

Shares of Angi stock opened at $12.14 on Wednesday. The business has a 50-day moving average price of $15.07 and a two-hundred day moving average price of $18.16. Angi has a 1-year low of $11.00 and a 1-year high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $603.69 million, a P/E ratio of 151.77 and a beta of 1.88.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently made changes to their positions in ANGI. JPMorgan Chase & Co. lifted its position in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock valued at $589,000 after acquiring an additional 65,119 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Angi in the fourth quarter valued at approximately $73,000. Raymond James Financial Inc. purchased a new position in shares of Angi during the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. grew its holdings in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Angi in the 4th quarter valued at $210,000. 12.84% of the stock is owned by institutional investors.

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.