Angi Inc. (NASDAQ:ANGI) Receives $22.07 Average Price Target from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.0714.

ANGI has been the subject of several analyst reports. Citizens Jmp cut shares of Angi from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. UBS Group increased their price target on shares of Angi from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research cut shares of Angi from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Angi in a research report on Monday, June 16th.

Institutional Investors Weigh In On Angi

Several institutional investors have recently added to or reduced their stakes in ANGI. Poehling Capital Management INC. purchased a new stake in shares of Angi in the 2nd quarter worth about $231,000. State of Wyoming purchased a new stake in shares of Angi in the 4th quarter worth about $69,000. Squarepoint Ops LLC purchased a new stake in shares of Angi in the 4th quarter worth about $74,000. Jane Street Group LLC lifted its position in shares of Angi by 16.8% in the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock worth $85,000 after purchasing an additional 7,340 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after purchasing an additional 207,300 shares during the period. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Price Performance

ANGI stock opened at $16.59 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. Angi has a 52 week low of $10.88 and a 52 week high of $27.28. The firm’s fifty day moving average is $17.39 and its 200 day moving average is $15.75. The firm has a market cap of $735.60 million, a P/E ratio of 13.49 and a beta of 1.80.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $278.22 million for the quarter, compared to the consensus estimate of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. Research analysts predict that Angi will post 0.08 earnings per share 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.