Angi Inc. (NASDAQ:ANGI) Receives $4.13 Average Price Target from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $4.03.

Several research firms have commented on ANGI. KeyCorp cut their target price on Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Citigroup cut their price objective on shares of Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, JMP Securities assumed coverage on shares of Angi in a report on Tuesday. They set an “outperform” rating and a $3.25 target price for the company.

Angi Stock Performance

Shares of Angi stock opened at $1.94 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $973.38 million, a price-to-earnings ratio of -38.80 and a beta of 2.01. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.33. Angi has a one year low of $1.55 and a one year high of $4.18.

Insiders Place Their Bets

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the sale, the chief technology officer now directly owns 160,506 shares in the company, valued at approximately $341,877.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 35,244 shares of company stock valued at $70,958. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ANGI. Vanguard Group Inc. boosted its position in Angi by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares during the period. Pale Fire Capital SE lifted its stake in shares of Angi by 377.0% during the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock worth $15,648,000 after buying an additional 4,966,764 shares during the last quarter. General American Investors Co. Inc. boosted its holdings in shares of Angi by 20.7% during the 4th quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock worth $3,570,000 after buying an additional 246,335 shares during the period. GSA Capital Partners LLP grew its stake in Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after buying an additional 421,841 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in Angi in the 1st quarter valued at about $1,234,000. 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.