Angi (NASDAQ:ANGI) Shares Gap Up – What’s Next?

Angi Inc. (NASDAQ:ANGI)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $1.91, but opened at $2.04. Angi shares last traded at $2.03, with a volume of 342,496 shares changing hands.

Analyst Ratings Changes

ANGI has been the subject of a number of recent analyst reports. Benchmark lowered their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.25 to $2.00 in a report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a report on Monday, October 28th. JMP Securities dropped their target price on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Angi presently has an average rating of “Moderate Buy” and an average price target of $3.25.

Angi Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $974.90 million, a P/E ratio of 28.93 and a beta of 1.95. The firm’s 50 day moving average is $2.47 and its 200 day moving average is $2.32.

Angi (NASDAQ:ANGI) last released its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, analysts anticipate that Angi Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of Angi

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Angi during the 2nd quarter valued at $26,000. Barclays PLC increased its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Angi by 21.4% during the first quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after purchasing an additional 17,102 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Angi in the third quarter worth about $46,000. 12.84% of the stock is currently owned by institutional investors.

About Angi

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.