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

Angi Inc. (NASDAQ:ANGI) gapped up prior to trading on Wednesday . The stock had previously closed at $1.73, but opened at $1.92. Angi shares last traded at $2.02, with a volume of 1,460,288 shares trading hands.

Wall Street Analysts Forecast Growth

ANGI has been the subject of several research analyst reports. Benchmark decreased their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. JMP Securities decreased their target price on Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research report on Thursday. Finally, KeyCorp decreased their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.07.

Angi Trading Up 12.9 %

The firm has a fifty day moving average of $1.75 and a two-hundred day moving average of $2.18. The company has a market cap of $914.98 million, a PE ratio of 26.29 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the firm posted ($0.01) EPS. As a group, sell-side analysts predict that Angi Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANGI. Assenagon Asset Management S.A. boosted its stake in Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after purchasing an additional 914,037 shares during the period. Teacher Retirement System of Texas bought a new position in Angi in the 4th quarter worth about $469,000. Marshall Wace LLP bought a new position in Angi in the 4th quarter worth about $423,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Angi in the 3rd quarter worth about $645,000. Institutional investors own 12.84% of the company’s stock.

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.