Angi (NASDAQ:ANGI) Stock Price Up 7% – Should You Buy?

Angi Inc. (NASDAQ:ANGI) shares shot up 7% during trading on Friday . The stock traded as high as $13.88 and last traded at $13.8750. 306,309 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 855,899 shares. The stock had previously closed at $12.97.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ANGI. Wall Street Zen downgraded shares of Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. KeyCorp lowered their price objective on shares of Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada reduced their target price on Angi from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Thursday, November 6th. UBS Group lowered their price target on Angi from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research note on Monday. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average target price of $19.75.

Angi Trading Up 6.5%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.89 and a quick ratio of 1.89. The company has a fifty day moving average of $13.04 and a 200-day moving average of $15.46. The firm has a market capitalization of $595.90 million, a PE ratio of 18.18 and a beta of 1.74.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). Angi had a net margin of 3.34% and a return on equity of 3.44%. The firm had revenue of $265.63 million during the quarter, compared to analysts’ expectations of $268.96 million. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new position in shares of Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is owned by 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.