Angi (NASDAQ:ANGI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Angi Inc. (NASDAQ:ANGI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.77 and traded as high as $15.88. Angi shares last traded at $14.48, with a volume of 937,909 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ANGI. JMP Securities reaffirmed a “market perform” rating on shares of Angi in a research note on Monday, June 16th. Royal Bank Of Canada lifted their price target on Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Citigroup downgraded Angi from a “buy” rating to a “market perform” rating in a research note on Monday, June 16th. Zacks Research downgraded Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Angi in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.07.

Angi Price Performance

The company has a market cap of $642.04 million, a P/E ratio of 11.77 and a beta of 1.75. The company has a fifty day moving average price of $17.30 and a two-hundred day moving average price of $15.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $278.22 million during the quarter, compared to the consensus estimate of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Squarepoint Ops LLC acquired a new stake in Angi Inc. (NASDAQ:ANGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 44,432 shares of the technology company’s stock, valued at approximately $74,000. Institutional investors and hedge funds 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.