Angi Inc. (NASDAQ:ANGI) Receives $30.50 Average PT from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $30.50.

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research report on Friday.

Angi Stock Down 6.9 %

Shares of ANGI opened at $12.20 on Friday. Angi has a 12 month low of $12.00 and a 12 month high of $29.15. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $19.56. The stock has a market cap of $606.67 million, a price-to-earnings ratio of 152.52 and a beta of 1.91.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new stake in shares of Angi in the 4th quarter valued at about $74,000. Two Sigma Advisers LP boosted its position in Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares during the last quarter. Two Sigma Investments LP grew its stake in Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after purchasing an additional 158,662 shares in the last quarter. State of Wyoming acquired a new stake in Angi in the fourth quarter valued at $69,000. Finally, Graham Capital Management L.P. bought a new position in shares of Angi in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.