Angi Inc. (NASDAQ:ANGI) Receives $15.33 Consensus Price Target from Analysts

Angi Inc. (NASDAQ:ANGI) has received a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.3333.

A number of brokerages have weighed in on ANGI. UBS Group reiterated a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Zacks Research cut shares of Angi from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 price target (down from $18.00) on shares of Angi in a research note on Tuesday, February 17th.

Institutional Investors Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new position in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

Shares of ANGI stock opened at $7.56 on Friday. The stock’s 50-day moving average is $10.10 and its two-hundred day moving average is $12.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 1.65. Angi has a 1 year low of $7.29 and a 1 year high of $19.42. The firm has a market cap of $303.16 million, a price-to-earnings ratio of 8.13 and a beta of 1.79.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The firm had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Analysts predict that Angi will post 0.08 earnings per share for the current year.

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.