Angi (NASDAQ:ANGI) Upgraded by Zacks Research to Strong-Buy Rating

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

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

Angi Price Performance

Shares of ANGI stock opened at $12.67 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.50. Angi has a 12-month low of $10.25 and a 12-month high of $20.70. The firm has a fifty day moving average of $12.30 and a 200-day moving average of $14.85. The firm has a market capitalization of $546.71 million, a price-to-earnings ratio of 16.67 and a beta of 1.71.

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

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. purchased a new stake in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.

Angi Company Profile

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.