Angi (NASDAQ:ANGI) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.36 and traded as low as $6.28. Angi shares last traded at $6.44, with a volume of 540,652 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ANGI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Wednesday, June 24th. KeyCorp cut shares of Angi from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Benchmark reissued a “buy” rating on shares of Angi in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group set a $10.00 target price on shares of Angi and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Angi has a consensus rating of “Hold” and a consensus price target of $11.00.

Angi Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $257.26 million, a PE ratio of 15.51 and a beta of 1.61. The stock has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $8.32.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.19. Angi had a return on equity of 2.06% and a net margin of 1.93%.The business had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Equities analysts anticipate that Angi Inc. will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new stake in shares of Angi in the first quarter valued at approximately $25,000. Royal Bank of Canada acquired a new position in shares of Angi during the 1st quarter worth approximately $73,000. Janus Henderson Group PLC acquired a new position in shares of Angi during the 1st quarter worth approximately $118,000. California State Teachers Retirement System acquired a new position in shares of Angi during the 1st quarter worth approximately $237,000. Finally, Bank of America Corp DE purchased a new stake in Angi in the 1st quarter valued at approximately $325,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

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.