Angi (NASDAQ:ANGI) Stock Rating Upgraded by Zacks Research

Angi (NASDAQ:ANGI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on ANGI. KeyCorp cut their price target on shares of Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada dropped their target price on shares of Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. UBS Group lowered their price target on Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Angi in a report on Monday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.75.

Angi Trading Down 0.8%

ANGI opened at $12.15 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50 day moving average price is $12.57 and its 200-day moving average price is $15.28. Angi has a one year low of $10.25 and a one year high of $20.70. The stock has a market cap of $524.27 million, a price-to-earnings ratio of 15.89 and a beta of 1.74.

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

Institutional Trading of Angi

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