Brokerages Set Angi Inc. (NASDAQ:ANGI) Target Price at $3.06

Shares of Angi Inc. (NASDAQ:ANGI) have been given a consensus rating of “Hold” by the eight brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.06.

A number of equities analysts have recently commented on ANGI shares. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Citigroup lowered their price target on Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Friday, January 3rd. KeyCorp reduced their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $3.00 target price on shares of Angi in a research note on Monday, December 16th.

Angi Stock Performance

Shares of Angi stock opened at $1.83 on Monday. The business has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $2.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi has a one year low of $1.49 and a one year high of $3.10. The company has a market cap of $910.00 million, a PE ratio of 26.14 and a beta of 1.86.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share (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 period in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of institutional investors and hedge funds have recently made changes to their positions in ANGI. Headlands Technologies LLC acquired a new stake in shares of Angi in the 2nd quarter worth approximately $26,000. Barclays PLC grew its holdings in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Angi in the third quarter valued at $46,000. Trust Co of the South raised its stake in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after buying an additional 25,500 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi in the 2nd quarter worth about $85,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.