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

Zacks Research upgraded shares of Angi (NASDAQ:ANGI) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

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

Angi Price Performance

Shares of NASDAQ ANGI opened at $12.57 on Wednesday. The firm has a market cap of $542.35 million, a P/E ratio of 16.54 and a beta of 1.71. Angi has a twelve month low of $10.25 and a twelve month high of $20.70. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $12.30 and a 200 day moving average of $14.85.

Angi (NASDAQ:ANGI) last posted its 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). The business had revenue of $265.63 million during the quarter, compared to the consensus estimate of $268.96 million. Angi had a return on equity of 3.44% and a net margin of 3.34%.Angi’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, research analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. bought a new position in Angi Inc. (NASDAQ:ANGI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors 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.