Angi Inc. (NASDAQ:ANGI) Given Average Recommendation of “Hold” by Brokerages

Angi Inc. (NASDAQ:ANGI) has received a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $3.06.

A number of research analysts recently commented on the company. UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. KeyCorp cut their price target 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. JMP Securities reissued a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. Finally, The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th.

Angi Stock Performance

NASDAQ ANGI opened at $1.56 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 12-month low of $1.51 and a 12-month high of $3.10. The firm has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $2.22. The company has a market capitalization of $775.74 million, a P/E ratio of 22.29 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the company earned ($0.01) EPS. Analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Angi during the 2nd quarter worth $26,000. Barclays PLC increased its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP bought a new position in shares of Angi during the third quarter worth about $46,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi in the second quarter worth approximately $85,000. Finally, Trust Co of the South boosted its holdings in Angi by 98.9% in the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after acquiring an additional 25,500 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.