Angi (NASDAQ:ANGI) Upgraded at Zacks Research

Zacks Research upgraded shares of Angi (NASDAQ:ANGI) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on ANGI. UBS Group cut their price objective on Angi from $22.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wall Street Zen cut Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. KeyCorp restated an “overweight” rating and set a $17.00 price target on shares of Angi in a research report on Thursday, January 8th. Royal Bank Of Canada decreased their price objective on shares of Angi from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.75.

Angi Trading Down 1.4%

Shares of Angi stock opened at $12.49 on Wednesday. The stock has a market capitalization of $538.94 million, a PE ratio of 16.43 and a beta of 1.71. The stock has a 50 day moving average price of $12.33 and a two-hundred day moving average price of $14.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.89. Angi has a 52 week low of $10.25 and a 52 week high of $20.70.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). Angi had a net margin of 3.34% and a return on equity of 3.44%. The business had revenue of $265.63 million during the quarter, compared to the consensus estimate of $268.96 million. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. bought a new position in Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.