Angi (NASDAQ:ANGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Angi (NASDAQ:ANGI) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

A number of other analysts have also commented on the company. Truist Financial set a $10.00 price objective on Angi and gave the stock a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on Angi in a research note on Friday, September 11th. They issued an “underweight” rating for the company. Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a research report on Monday, July 13th. UBS Group set a $14.00 target price on Angi in a research note on Thursday, September 24th. Finally, The Goldman Sachs Group set a $6.00 target price on Angi and gave the stock a “neutral” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Angi presently has an average rating of “Hold” and an average price target of $9.57.

Angi Trading Down 3.3%

NASDAQ:ANGI opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 1.30. The firm has a market cap of $270.61 million, a price-to-earnings ratio of -1.17 and a beta of 1.72. Angi has a 52 week low of $4.26 and a 52 week high of $14.58. The firm has a 50-day moving average price of $5.78 and a two-hundred day moving average price of $6.66.

Angi (NASDAQ:ANGI) last announced its earnings results on Tuesday, November 3rd. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $242.02 million during the quarter, compared to analysts’ expectations of $242.35 million. Angi had a positive return on equity of 0.51% and a negative net margin of 23.85%. On average, equities analysts expect that Angi will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

Several institutional investors have recently bought and sold shares of the company. Pale Fire Capital SE bought a new position in Angi during the second quarter valued at $23,386,000. Flax Pond Capital LLC bought a new stake in shares of Angi in the first quarter valued at $3,324,000. Pacer Advisors Inc. purchased a new position in shares of Angi during the 1st quarter valued at $1,592,000. Empowered Funds LLC purchased a new position in shares of Angi during the 1st quarter valued at $1,136,000. Finally, State of Wyoming grew its stake in shares of Angi by 448.5% during the 3rd quarter. State of Wyoming now owns 67,239 shares of the technology company’s stock worth $387,000 after acquiring an additional 54,980 shares during the period. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.