Analysts Set Angi Inc. (NASDAQ:ANGI) Target Price at $4.23

Angi Inc. (NASDAQ:ANGIGet Free Report) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.23.

A number of research analysts have recently commented on ANGI shares. The Goldman Sachs Group increased their price objective on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th. UBS Group increased their price objective on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada increased their price objective on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Finally, StockNews.com raised Angi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th.

View Our Latest Research Report on ANGI

Angi Trading Up 1.2 %

Shares of NASDAQ ANGI opened at $2.62 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -32.75 and a beta of 1.97. Angi has a 12 month low of $1.54 and a 12 month high of $4.18. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $2.62 and a 200-day simple moving average of $2.28.

Angi (NASDAQ:ANGIGet Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The firm had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. Sell-side analysts predict that Angi will post -0.01 EPS for the current year.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 160,060 shares in the company, valued at $412,954.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in Angi during the fourth quarter worth $26,000. DAVENPORT & Co LLC bought a new stake in Angi during the third quarter worth $27,000. BNP Paribas Financial Markets lifted its stake in Angi by 1,183.3% during the fourth quarter. BNP Paribas Financial Markets now owns 17,158 shares of the technology company’s stock worth $43,000 after purchasing an additional 15,821 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Angi by 140.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after buying an additional 10,447 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Angi by 26,211.1% during the second quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock worth $47,000 after buying an additional 14,154 shares in the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

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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.

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Analyst Recommendations for Angi (NASDAQ:ANGI)

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