Angi (NASDAQ:ANGI) Stock Price Up 6.1% – Time to Buy?

Angi Inc. (NASDAQ:ANGI) rose 6.1% during mid-day trading on Thursday . The company traded as high as $1.76 and last traded at $1.74. Approximately 647,053 shares changed hands during trading, a decline of 17% from the average daily volume of 781,845 shares. The stock had previously closed at $1.64.

Analysts Set New Price Targets

ANGI has been the subject of several research reports. KeyCorp cut their price target on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 price target on shares of Angi in a report on Monday, December 16th. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, Benchmark reduced their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Angi currently has an average rating of “Hold” and a consensus price target of $3.11.

Angi Stock Down 1.8 %

The company has a fifty day moving average price of $2.14 and a 200-day moving average price of $2.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $830.44 million, a PE ratio of 23.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the business posted ($0.01) EPS. As a group, analysts expect that Angi Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently bought and sold shares of ANGI. Headlands Technologies LLC purchased a new stake in Angi during the second quarter worth $26,000. Barclays PLC grew its holdings in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new stake in Angi during the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the 2nd quarter valued at approximately $85,000. Finally, Verition Fund Management LLC acquired a new position in shares of Angi in the 3rd quarter valued at $116,000. 12.84% of the stock is owned by hedge funds and other 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.