Angi (NASDAQ:ANGI) Stock Price Up 3.5% – Still a Buy?

Angi Inc. (NASDAQ:ANGI)’s share price rose 3.5% on Thursday . The company traded as high as $1.59 and last traded at $1.63. Approximately 218,493 shares traded hands during trading, a decline of 76% from the average daily volume of 894,328 shares. The stock had previously closed at $1.57.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ANGI. JMP Securities lowered their target price on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Citigroup raised their price target on Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.05.

Angi Trading Down 2.5 %

The stock has a 50 day moving average of $1.73 and a 200 day moving average of $2.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The firm has a market cap of $775.74 million, a P/E ratio of 19.50 and a beta of 1.91.

Hedge Funds Weigh In On Angi

A number of large investors have recently modified their holdings of ANGI. Jane Street Group LLC boosted its stake in Angi by 16.8% in the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock worth $85,000 after buying an additional 7,340 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after acquiring an additional 7,944 shares during the last quarter. Barclays PLC boosted its stake 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 valued at $42,000 after purchasing an additional 15,191 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Angi in the 4th quarter worth $27,000. Finally, PNC Financial Services Group Inc. raised its position in Angi by 24.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after purchasing an additional 17,605 shares during the period. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.