Angi (NASDAQ:ANGI) Upgraded to Hold at UBS Group

Angi (NASDAQ:ANGIGet Free Report) was upgraded by UBS Group to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

Separately, JMP Securities started coverage on shares of Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and an average price target of $3.78.

View Our Latest Report on ANGI

Angi Stock Up 1.7 %

Shares of ANGI stock opened at $2.40 on Monday. The company has a 50 day simple moving average of $2.58 and a two-hundred day simple moving average of $2.31. The stock has a market cap of $1.20 billion, a P/E ratio of -48.00 and a beta of 1.95. Angi has a 12 month low of $1.54 and a 12 month high of $3.10. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGIGet Free Report) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The business had revenue of $315.13 million during the quarter, compared to analyst estimates of $305.06 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share.

Insider Transactions at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the sale, the chief technology officer now directly owns 125,262 shares in the company, valued at approximately $290,607.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Angi in the second quarter worth $26,000. BNP Paribas Financial Markets grew its stake in shares of Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after buying an additional 7,649 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Angi in the 1st quarter worth about $108,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the 2nd quarter valued at about $85,000. Finally, SG Americas Securities LLC bought a new position in shares of Angi in the 1st quarter valued at about $162,000. 12.84% of the stock is currently owned by institutional investors.

About Angi

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Angi (NASDAQ:ANGI)

Receive News & Ratings for Angi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angi and related companies with MarketBeat.com's FREE daily email newsletter.