Angi (NASDAQ:ANGI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s stock price passed 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 traded.

Wall Street Analyst Weigh In

Separately, JMP Securities started coverage on shares of Angi in a research note on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.78.

Angi Price Performance

The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -48.20 and a beta of 1.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $2.59 and its 200-day moving average price is $2.30.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The company had revenue of $315.13 million during the quarter, compared to analysts’ expectations of $305.06 million. During the same quarter last year, the firm earned ($0.03) earnings per share.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the sale, the chief technology officer now directly owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Angi by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares during the period. Dimensional Fund Advisors LP increased its stake in Angi by 36.4% during the 2nd 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. Assenagon Asset Management S.A. lifted its holdings in 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 worth $3,616,000 after buying an additional 1,306,515 shares in the last quarter. AQR Capital Management LLC boosted its position in 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 buying an additional 161,189 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Angi by 469.5% during the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after acquiring an additional 421,841 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.