Angi (NASDAQ:ANGI) Price Target Raised to $9.00

Angi (NASDAQ:ANGI) had its price objective hoisted by UBS Group from $5.00 to $9.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Wall Street Zen upgraded Angi from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. The Goldman Sachs Group set a $6.00 target price on Angi and gave the stock a “neutral” rating in a report on Monday, July 13th. Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citizens Jmp restated a “market perform” rating on shares of Angi in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. began coverage on shares of Angi in a report on Friday, September 11th. They issued an “underweight” rating on the stock. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.86.

Angi Trading Down 5.4%

Shares of ANGI opened at $6.33 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $256.04 million, a P/E ratio of -1.11 and a beta of 1.72. The stock’s fifty day simple moving average is $5.88 and its 200 day simple moving average is $6.56. Angi has a twelve month low of $4.26 and a twelve month high of $14.58.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, November 3rd. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Angi had a negative net margin of 23.85% and a positive return on equity of 0.51%. The firm had revenue of $242.02 million during the quarter, compared to analyst estimates of $242.35 million. On average, equities research analysts forecast that Angi will post 0.03 earnings per share for the current year.

Institutional Trading of Angi

Several large investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Angi in the third quarter worth about $437,000. Vise Technologies Inc. acquired a new stake in shares of Angi in the third quarter valued at about $74,000. State of Wyoming raised its holdings in shares of Angi by 448.5% during the 3rd quarter. State of Wyoming now owns 67,239 shares of the technology company’s stock valued at $387,000 after buying an additional 54,980 shares during the period. GAMMA Investing LLC raised its holdings in shares of Angi by 1,047.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock valued at $26,000 after buying an additional 4,085 shares during the period. Finally, Versant Capital Management Inc lifted its position in Angi by 81.4% during the 3rd quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company’s stock worth $33,000 after acquiring an additional 2,608 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

About Angi

Angi Inc. operates a digital marketplace that connects homeowners with professionals for home improvement, maintenance, repair and other residential services. Through its platforms, consumers can search for service providers, review ratings and request estimates or book projects. The company also offers services that help home professionals connect with customers and manage aspects of their businesses. Its consumer and professional offerings include the Angi and HomeAdvisor brands, as well as services associated with Handy.