Angi Inc. (NASDAQ:ANGI) Receives $9.29 Average PT from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.2857.

ANGI has been the topic of several recent research reports. Truist Financial set a $10.00 price target on shares of Angi and gave the company a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $6.00 price objective on shares of Angi and gave the stock a “neutral” rating in a research note on Monday, July 13th. Royal Bank Of Canada set a $14.00 price objective on Angi in a report on Tuesday, May 26th. UBS Group set a $5.00 target price on Angi and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Benchmark reiterated a “buy” rating on shares of Angi in a report on Tuesday, May 26th.

Institutional Investors Weigh In On Angi

A number of institutional investors and hedge funds have recently made changes to their positions in ANGI. Parallel Advisors LLC acquired a new stake in shares of Angi in the 1st quarter valued at approximately $25,000. Royal Bank of Canada bought a new stake in Angi during the first quarter worth $73,000. Janus Henderson Group PLC acquired a new stake in Angi in the first quarter valued at $118,000. California State Teachers Retirement System bought a new position in shares of Angi in the 1st quarter valued at about $237,000. Finally, Bank of America Corp DE acquired a new position in shares of Angi during the 1st quarter worth about $325,000. Institutional investors own 12.84% of the company’s stock.

Angi Price Performance

Shares of ANGI opened at $4.46 on Tuesday. The stock has a market capitalization of $180.41 million, a P/E ratio of -0.81 and a beta of 1.62. Angi has a twelve month low of $4.26 and a twelve month high of $18.70. The company has a 50 day moving average of $5.59 and a 200-day moving average of $6.89. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same period in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Angi will post 0.16 EPS for the current fiscal 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.