Angi (NASDAQ:ANGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Angi (NASDAQ:ANGIGet Rating) in a research note released on Thursday morning. The firm issued a hold rating on the technology company’s stock.

Several other analysts have also weighed in on ANGI. Benchmark reiterated a buy rating and issued a $12.00 price objective on shares of Angi in a research note on Friday, February 10th. Credit Suisse Group reiterated an outperform rating and issued a $7.00 price objective on shares of Angi in a research note on Wednesday, February 15th. UBS Group upgraded shares of Angi from a sell rating to a neutral rating and lifted their price objective for the company from $2.00 to $2.75 in a research note on Wednesday, February 15th. Wells Fargo & Company lowered their price objective on shares of Angi from $7.00 to $5.00 and set an overweight rating for the company in a research note on Thursday, January 19th. Finally, Citigroup boosted their price target on shares of Angi from $2.60 to $3.40 and gave the company a buy rating in a research note on Monday, February 13th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Angi currently has an average rating of Moderate Buy and a consensus target price of $6.79.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $2.15 on Thursday. Angi has a 52-week low of $1.81 and a 52-week high of $6.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.72 and a current ratio of 1.72. The company’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.59.

Insider Transactions at Angi

In other news, CTO Kulesh Shanmugasundaram sold 48,164 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $3.00, for a total value of $144,492.00. Following the completion of the sale, the chief technology officer now owns 22,416 shares in the company, valued at approximately $67,248. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 48,570 shares of company stock worth $145,710 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Pinnacle Associates Ltd. purchased a new position in shares of Angi in the 4th quarter worth about $28,000. Petrus Trust Company LTA purchased a new position in shares of Angi in the 3rd quarter worth about $30,000. Brave Asset Management Inc. purchased a new position in shares of Angi in the 4th quarter worth about $47,000. UBS Group AG boosted its holdings in shares of Angi by 188.6% in the 4th quarter. UBS Group AG now owns 20,636 shares of the technology company’s stock worth $48,000 after buying an additional 13,485 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Angi by 138.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,497 shares of the technology company’s stock worth $53,000 after buying an additional 13,073 shares during the last quarter. 11.93% of the stock is owned by hedge funds and other institutional investors.

About Angi

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Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.

Further Reading

Analyst Recommendations for Angi (NASDAQ:ANGI)

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