Angi (NASDAQ:ANGI) Shares Up 6.1% – What’s Next?

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

Wall Street Analyst Weigh In

Several analysts recently commented on ANGI shares. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday. Benchmark reduced their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $3.00 target price on shares of Angi in a report on Monday. Finally, KeyCorp decreased their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.11.

Angi Trading Up 5.5 %

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 $860.28 million, a price-to-earnings ratio of 24.71 and a beta of 1.86. The business’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $2.26.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter last year, the firm earned ($0.01) earnings per share. Equities 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 large investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of Angi during the 2nd quarter worth $26,000. Barclays PLC raised its holdings in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the period. Centiva Capital LP acquired a new position in shares of Angi in the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the 2nd quarter worth about $85,000. Finally, Verition Fund Management LLC acquired a new stake in Angi during the 3rd quarter worth approximately $116,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

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.