Angi Inc. (NASDAQ:ANGI) Receives Consensus Recommendation of “Hold” from Analysts

Angi Inc. (NASDAQ:ANGI) has earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.11.

ANGI has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. JMP Securities cut their price target on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. Benchmark reduced 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, KeyCorp dropped 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.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently modified their holdings of ANGI. Headlands Technologies LLC bought a new position in Angi in the second quarter valued at about $26,000. Barclays PLC grew its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP bought a new stake in shares of Angi during the third quarter worth approximately $46,000. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after buying an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Angi in the second quarter valued at approximately $85,000. 12.84% of the stock is owned by institutional investors.

Angi Trading Up 0.5 %

Angi stock opened at $1.97 on Friday. Angi has a one year low of $1.65 and a one year high of $3.10. The company’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $2.31. The company has a market capitalization of $979.62 million, a price-to-earnings ratio of 28.14 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The business had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period last year, the business earned ($0.01) EPS. On average, analysts forecast that Angi will post 0.04 earnings per share for the current fiscal year.

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.