Angi (NASDAQ:ANGI) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.30 and traded as high as $2.55. Angi shares last traded at $2.49, with a volume of 220,731 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JMP Securities initiated coverage on Angi in a report on Tuesday, July 9th. They issued an "outperform" rating and a $3.25 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.78.

Angi Stock Performance

The business's 50-day simple moving average is $2.59 and its two-hundred day simple moving average is $2.30. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -49.20 and a beta of 1.95. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $315.13 million for the quarter, compared to the consensus estimate of $305.06 million. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. During the same quarter in the previous year, the business earned ($0.03) earnings per share.

Insider Buying and Selling at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now directly owns 125,262 shares of the company's stock, valued at $290,607.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Angi

A number of hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in shares of Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company's stock valued at $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. Inspire Investing LLC lifted its stake in Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock valued at $1,192,000 after purchasing an additional 279,083 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Angi during the 2nd quarter worth $85,000. AQR Capital Management LLC boosted its position in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company's stock valued at $1,593,000 after purchasing an additional 161,189 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after buying an additional 494,739 shares during the period. Hedge funds and other institutional investors own 12.84% of the company's stock.

About Angi

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.