Zacks Research Upgrades Angi (NASDAQ:ANGI) to Strong-Buy

Angi (NASDAQ:ANGI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Wall Street Zen lowered shares of Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th. Royal Bank Of Canada cut their target price on Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Angi in a research report on Thursday, January 8th. Finally, UBS Group cut their price target on Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.75.

Angi Stock Performance

Shares of ANGI traded down $0.08 during trading hours on Wednesday, hitting $12.59. The stock had a trading volume of 33,997 shares, compared to its average volume of 759,787. The firm has a 50-day moving average price of $12.30 and a 200 day moving average price of $14.85. Angi has a fifty-two week low of $10.25 and a fifty-two week high of $20.70. The firm has a market capitalization of $543.26 million, a price-to-earnings ratio of 16.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.89.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. bought a new position in shares of Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.