Angi (NASDAQ:ANGI) Shares Up 6.6% – Time to Buy?

Angi Inc. (NASDAQ:ANGI)’s share price shot up 6.6% during mid-day trading on Friday . The stock traded as high as $1.70 and last traded at $1.71. 781,743 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,244,407 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANGI shares. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. StockNews.com downgraded Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. KeyCorp decreased their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Benchmark dropped their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, JMP Securities reduced their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.05.

Angi Trading Up 4.7 %

The company has a fifty day simple moving average of $1.74 and a 200-day simple moving average of $2.11. The stock has a market cap of $832.93 million, a price-to-earnings ratio of 20.94 and a beta of 1.86. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ANGI. Jane Street Group LLC boosted its position in Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock valued at $85,000 after purchasing an additional 7,340 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Angi by 38.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after buying an additional 7,944 shares during the last quarter. Barclays PLC grew its stake in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Angi in the 4th quarter valued at approximately $27,000. Finally, PNC Financial Services Group Inc. increased its holdings in Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares during the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

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.