Angi (NASDAQ:ANGI) Upgraded by UBS Group to Hold

UBS Group upgraded shares of Angi (NASDAQ:ANGI) to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

Separately, JMP Securities began coverage on Angi in a research report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.78.

Angi Stock Performance

ANGI opened at $2.40 on Monday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -48.00 and a beta of 1.95. The company’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.31. Angi has a 1-year low of $1.54 and a 1-year high of $3.10. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $315.13 million for the quarter, compared to analysts’ expectations of $305.06 million. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. During the same quarter last year, the firm earned ($0.03) EPS.

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the sale, the chief technology officer now directly owns 125,262 shares in the company, valued at $290,607.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Angi

Several large investors have recently modified their holdings of ANGI. Vanguard Group Inc. lifted its stake in Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after buying an additional 494,739 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after buying an additional 1,306,515 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 161,189 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after acquiring an additional 421,841 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

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.