Angi Inc. (NASDAQ:ANGI) Given Average Rating of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have received a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.0714.

Several research firms have recently weighed in on ANGI. Zacks Research downgraded shares of Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Royal Bank Of Canada lifted their price target on shares of Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Weiss Ratings downgraded shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Angi from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group boosted their price objective on shares of Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th.

Angi Trading Up 1.3%

ANGI opened at $14.11 on Wednesday. The firm has a market cap of $625.64 million, a P/E ratio of 11.47 and a beta of 1.75. Angi has a 12 month low of $10.88 and a 12 month high of $27.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $17.10 and a 200 day moving average of $15.68.

Angi (NASDAQ:ANGI) last released its quarterly 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). Angi had a return on equity of 5.73% and a net margin of 5.50%.The company had revenue of $278.22 million during the quarter, compared to analysts’ expectations of $261.02 million. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, research analysts forecast that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new position in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.