Angi (NASDAQ:ANGI) Trading Up 3.5% – Should You Buy?

Angi Inc. (NASDAQ:ANGI) shot up 3.5% on Thursday . The company traded as high as $1.59 and last traded at $1.63. 218,493 shares were traded during trading, a decline of 76% from the average session volume of 894,328 shares. The stock had previously closed at $1.57.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ANGI shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Citigroup boosted their target price on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. KeyCorp cut their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, JMP Securities lowered their target price on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.05.

Angi Price Performance

The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $798.12 million, a price-to-earnings ratio of 20.07 and a beta of 1.91. The business’s 50 day simple moving average is $1.73 and its 200-day simple moving average is $2.04.

Institutional Investors Weigh In On Angi

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after buying an additional 914,037 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Angi in the fourth quarter worth about $1,079,000. Westerly Capital Management LLC boosted its stake in shares of Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock valued at $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Angi in the 4th quarter valued at approximately $469,000. Finally, ArrowMark Colorado Holdings LLC grew its holdings in shares of Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after purchasing an additional 267,946 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.