Angi (NASDAQ:ANGI) Stock Price Up 13.8% – Should You Buy?

Angi Inc. (NASDAQ:ANGI)’s stock price traded up 13.8% on Thursday . The company traded as high as $14.18 and last traded at $14.1970. 380,473 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 602,732 shares. The stock had previously closed at $12.48.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANGI. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th. UBS Group dropped their target price on shares of Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Angi in a report on Thursday. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.75.

Angi Stock Performance

The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.50. The stock has a market cap of $606.26 million, a price-to-earnings ratio of 18.49 and a beta of 1.71. The stock’s fifty day moving average is $12.26 and its 200-day moving average is $14.92.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results 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 return on equity of 3.44% and a net margin of 3.34%.The firm had revenue of $265.63 million for the quarter, compared to the consensus estimate of $268.96 million. Angi’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, analysts forecast that Angi Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new position in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.