Angi (NASDAQ:ANGI) Rating Increased to Buy at StockNews.com

Angi (NASDAQ:ANGI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, JMP Securities lowered their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Four equities 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Angi Trading Down 6.9 %

ANGI traded down $0.90 during trading on Friday, hitting $12.20. The company’s stock had a trading volume of 1,850,362 shares, compared to its average volume of 140,825. Angi has a twelve month low of $12.01 and a twelve month high of $29.15. The stock has a market cap of $606.67 million, a PE ratio of 152.52 and a beta of 1.91. The firm’s 50 day moving average price is $16.72 and its 200-day moving average price is $19.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ANGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Angi by 46.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after acquiring an additional 83,704 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Angi during the 3rd quarter worth $116,000. Centiva Capital LP acquired a new stake in Angi in the 3rd quarter valued at $46,000. XTX Topco Ltd raised its position in Angi by 250.1% in the third quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock valued at $260,000 after purchasing an additional 72,060 shares during the period. Finally, Barclays PLC lifted its stake in shares of Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. 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.