Angi (NASDAQ:ANGI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Angi Inc. (NASDAQ:ANGI) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.36 and traded as low as $6.28. Angi shares last traded at $6.44, with a volume of 540,652 shares trading hands.

Analysts Set New Price Targets

ANGI has been the topic of a number of analyst reports. KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $10.00 price target on Angi and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.00.

Angi Trading Up 3.2%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 1.50. The company’s 50-day moving average price is $5.72 and its 200-day moving average price is $8.36. The firm has a market capitalization of $260.49 million, a PE ratio of 15.71 and a beta of 1.61.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.19. Angi had a return on equity of 2.06% and a net margin of 1.93%.The firm had revenue of $238.15 million for the quarter, compared to analyst estimates of $240.63 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Angi’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Angi Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Angi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. Flax Pond Capital LLC acquired a new position in shares of Angi in the 1st quarter valued at $3,324,000. Pacer Advisors Inc. acquired a new stake in shares of Angi during the first quarter worth about $1,592,000. Empowered Funds LLC purchased a new stake in shares of Angi in the 1st quarter valued at about $1,136,000. Bank of America Corp DE acquired a new stake in shares of Angi in the 1st quarter valued at about $325,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Angi in the 1st quarter valued at about $237,000. 12.84% of the stock is owned by institutional investors and hedge funds.

About Angi

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.