UBS Group Issues Positive Forecast for Angi (NASDAQ:ANGI) Stock Price

Angi (NASDAQ:ANGI) had its price objective increased by equities researchers at UBS Group from $5.00 to $9.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group‘s price target points to a potential upside of 36.88% from the company’s previous close.

A number of other research firms also recently weighed in on ANGI. Citizens Jmp reiterated a “market perform” rating on shares of Angi in a report on Monday, July 13th. The Goldman Sachs Group set a $6.00 price target on Angi and gave the company a “neutral” rating in a research report on Monday, July 13th. Royal Bank Of Canada upped their price target on Angi from $5.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 5th. Wall Street Zen upgraded Angi from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.86.

Angi Trading Down 1.7%

Shares of NASDAQ:ANGI traded down $0.12 on Tuesday, hitting $6.58. The company had a trading volume of 339,869 shares, compared to its average volume of 1,045,221. The firm’s 50-day simple moving average is $5.78 and its two-hundred day simple moving average is $6.66. The firm has a market capitalization of $265.96 million, a price-to-earnings ratio of -1.15 and a beta of 1.72. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Angi has a 1 year low of $4.26 and a 1 year high of $14.58.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $242.02 million for the quarter, compared to analysts’ expectations of $242.35 million. Equities analysts anticipate that Angi will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds have recently made changes to their positions in ANGI. Pale Fire Capital SE bought a new position in shares of Angi during the second quarter valued at $23,386,000. Flax Pond Capital LLC purchased a new position in shares of Angi in the 1st quarter worth about $3,324,000. Pacer Advisors Inc. purchased a new position in shares of Angi in the 1st quarter worth about $1,592,000. Empowered Funds LLC bought a new position in Angi in the 1st quarter worth about $1,136,000. Finally, State of Wyoming boosted its stake in Angi by 448.5% in the 3rd quarter. State of Wyoming now owns 67,239 shares of the technology company’s stock worth $387,000 after purchasing an additional 54,980 shares in the last quarter. 12.84% of the stock is owned by institutional investors.

Angi Company Profile

Angi Inc. (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning. Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.