Angi Inc. (NASDAQ:ANGI) Receives $21.36 Consensus PT from Analysts

Angi Inc. (NASDAQ:ANGI) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings 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 target price among analysts that have covered the stock in the last year is $21.36.

Several equities research analysts recently weighed in on the company. UBS Group cut their price objective on Angi from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. JMP Securities cut their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. KeyCorp cut their target price on Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Citigroup cut their target price on Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Finally, Benchmark lifted their target price on Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

Angi Trading Up 0.9%

NASDAQ ANGI opened at $16.01 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The company has a market cap of $768.27 million, a price-to-earnings ratio of 200.15 and a beta of 1.84. The business’s fifty day moving average is $13.93 and its 200 day moving average is $16.62.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The company had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. As a group, sell-side analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Raymond James Financial Inc. acquired a new position in shares of Angi in the 4th quarter valued at about $27,000. Hsbc Holdings PLC acquired a new position in shares of Angi in the 4th quarter valued at about $30,000. Headlands Technologies LLC lifted its stake in shares of 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 purchasing an additional 18,523 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Angi in the 4th quarter valued at about $33,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Angi in the 4th quarter valued at about $41,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.