Angi Inc. (NASDAQ:ANGI) Given Consensus Rating of “Hold” by Analysts

Angi Inc. (NASDAQ:ANGI) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.11.

A number of equities analysts recently weighed in on ANGI shares. Benchmark lowered their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. UBS Group upgraded Angi to a “hold” rating in a research report on Monday, October 28th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, KeyCorp lowered their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On Angi

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in Angi in the second quarter valued at about $26,000. Barclays PLC raised its stake in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after acquiring an additional 15,191 shares during the period. Centiva Capital LP acquired a new position in shares of Angi in the 3rd quarter worth approximately $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in Angi in the 2nd quarter valued at approximately $85,000. Finally, Verition Fund Management LLC purchased a new stake in Angi in the third quarter valued at approximately $116,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Down 3.0 %

ANGI stock opened at $1.60 on Thursday. Angi has a 52 week low of $1.59 and a 52 week high of $3.10. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $2.07 and a 200-day simple moving average of $2.24. The stock has a market capitalization of $795.63 million, a P/E ratio of 22.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Equities analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

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.