Angi Inc. (NASDAQ:ANGI) Receives $3.11 Consensus Target Price from Analysts

Angi Inc. (NASDAQ:ANGI) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.07.

Several research firms have weighed in on ANGI. Citigroup increased their target price on shares of Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. KeyCorp cut their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, JMP Securities dropped their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a report on Thursday.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Angi in the 4th quarter valued at $423,000. Raymond James Financial Inc. acquired a new stake in Angi in the 4th quarter valued at $27,000. Dynamic Technology Lab Private Ltd acquired a new stake in Angi in the 4th quarter valued at $199,000. Headlands Technologies LLC increased its stake in Angi by 9,308.0% in the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after buying an additional 18,523 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock valued at $2,859,000 after buying an additional 914,037 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Trading Up 12.9 %

ANGI opened at $1.84 on Friday. The firm’s fifty day moving average is $1.75 and its two-hundred day moving average is $2.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $914.98 million, a PE ratio of 26.29 and a beta of 1.86. Angi has a twelve month low of $1.49 and a twelve month high of $3.10.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period last year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that Angi will post 0.08 EPS for the current year.

About Angi

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.