Angi (NASDAQ:ANGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Angi (NASDAQ:ANGI) from a hold rating to a buy rating in a report released on Friday morning.

Other equities research analysts have also issued research reports about the stock. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. JMP Securities cut their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Angi Stock Down 6.9 %

Shares of NASDAQ:ANGI opened at $12.20 on Friday. The stock has a 50-day simple moving average of $16.72 and a 200-day simple moving average of $19.45. The stock has a market capitalization of $606.67 million, a P/E ratio of 152.52 and a beta of 1.91. Angi has a 1 year low of $12.00 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Angi during the fourth quarter valued at approximately $73,000. PNC Financial Services Group Inc. lifted its holdings in Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Angi in the 4th quarter worth approximately $210,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock valued at $677,000 after acquiring an additional 83,704 shares during the last quarter. 12.84% of the stock is currently owned by 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.