Angi Inc. (NASDAQ:ANGI) Receives $30.50 Consensus Target Price from Brokerages

Angi Inc. (NASDAQ:ANGI) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.50.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup raised their target price on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. StockNews.com downgraded Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JMP Securities reduced their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Angi

Several large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in shares of Angi in the fourth quarter worth approximately $74,000. Two Sigma Advisers LP grew its holdings in Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after buying an additional 207,300 shares in the last quarter. Two Sigma Investments LP raised its position in Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after buying an additional 158,662 shares during the last quarter. State of Wyoming bought a new position in Angi during the 4th quarter valued at $69,000. Finally, Graham Capital Management L.P. purchased a new position in Angi during the 4th quarter worth $46,000. Institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

Shares of ANGI stock opened at $15.41 on Friday. The firm has a 50 day moving average of $17.12 and a 200-day moving average of $19.83. The company has a market cap of $766.29 million, a price-to-earnings ratio of 192.65 and a beta of 1.91. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. Angi has a 52 week low of $14.90 and a 52 week high of $29.15.

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.