Angi (NASDAQ:ANGI) Shares Up 6.6% – Still a Buy?

Angi Inc. (NASDAQ:ANGI) shot up 6.6% during mid-day trading on Friday . The company traded as high as $1.70 and last traded at $1.71. 781,743 shares changed hands during trading, a decline of 37% from the average session volume of 1,244,407 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JMP Securities decreased their target price on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Benchmark decreased their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, KeyCorp decreased their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.05.

Angi Price Performance

The business’s 50 day moving average price is $1.74 and its 200 day moving average price is $2.10. The stock has a market capitalization of $825.47 million, a P/E ratio of 20.75 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Institutional Trading of Angi

A number of large investors have recently made changes to their positions in ANGI. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Angi in the third quarter worth approximately $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Angi by 46.8% during the third 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 buying an additional 83,704 shares during the period. Verition Fund Management LLC bought a new stake in Angi during the third quarter valued at approximately $116,000. ArrowMark Colorado Holdings LLC grew its position in Angi by 1.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares during the period. Finally, Centiva Capital LP bought a new stake in Angi during the third quarter valued at approximately $46,000. 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.