Angi (NASDAQ:ANGI) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Angi Inc. (NASDAQ:ANGI)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.56 and traded as low as $6.28. Angi shares last traded at $6.33, with a volume of 511,682 shares traded.

Analysts Set New Price Targets

ANGI has been the subject of several research reports. UBS Group increased their price target on shares of Angi from $5.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial set a $10.00 price objective on shares of Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on Angi from $5.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 5th. JPMorgan Chase & Co. started coverage on shares of Angi in a report on Friday, September 11th. They set an “underweight” rating on the stock. Finally, Wall Street Zen upgraded Angi from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Angi has an average rating of “Hold” and a consensus price target of $8.86.

Angi Stock Down 5.4%

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $256.04 million, a PE ratio of -1.11 and a beta of 1.72. The company has a 50-day moving average of $5.88 and a two-hundred day moving average of $6.56.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, November 3rd. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Angi had a positive return on equity of 0.51% and a negative net margin of 23.85%. The firm had revenue of $242.02 million for the quarter, compared to the consensus estimate of $242.35 million. Sell-side analysts anticipate that Angi Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

Hedge funds have recently made changes to their positions in the business. Landscape Capital Management L.L.C. purchased a new stake in Angi during the 3rd quarter valued at approximately $437,000. Vise Technologies Inc. purchased a new position in Angi during the 3rd quarter valued at $74,000. State of Wyoming grew its stake in Angi by 448.5% in the 3rd quarter. State of Wyoming now owns 67,239 shares of the technology company’s stock worth $387,000 after acquiring an additional 54,980 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Angi by 1,047.4% during the third quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock valued at $26,000 after buying an additional 4,085 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Angi by 81.4% in the 3rd quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company’s stock worth $33,000 after purchasing an additional 2,608 shares during the period. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc. operates a digital marketplace that connects homeowners with professionals for home improvement, maintenance, repair and other residential services. Through its platforms, consumers can search for service providers, review ratings and request estimates or book projects. The company also offers services that help home professionals connect with customers and manage aspects of their businesses. Its consumer and professional offerings include the Angi and HomeAdvisor brands, as well as services associated with Handy.