Brokerages Set Angi Inc. (NASDAQ:ANGI) Price Target at $11.00

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.00.

Several equities analysts have commented on the company. KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. JPMorgan Chase & Co. reduced their target price on Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Truist Financial set a $12.00 target price on Angi and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Benchmark reissued a “buy” rating on shares of Angi in a report on Tuesday, May 26th.

Hedge Funds Weigh In On Angi

Several institutional investors have recently made changes to their positions in ANGI. Bank of America Corp DE purchased a new position in Angi in the first quarter valued at $325,000. Royal Bank of Canada purchased a new stake in shares of Angi during the first quarter worth about $73,000. Parallel Advisors LLC purchased a new position in shares of Angi in the first quarter valued at approximately $25,000. California State Teachers Retirement System purchased a new position in shares of Angi in the first quarter valued at approximately $237,000. Finally, Janus Henderson Group PLC acquired a new position in Angi during the first quarter worth about $118,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Performance

NASDAQ ANGI opened at $6.03 on Thursday. The business’s 50 day moving average price is $6.43 and its 200-day moving average price is $9.45. The company has a market cap of $243.91 million, a P/E ratio of 14.71 and a beta of 1.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 1.50. Angi has a fifty-two week low of $4.53 and a fifty-two week high of $19.42.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.19. The company had revenue of $238.15 million for the quarter, compared to the consensus estimate of $240.64 million. Angi had a return on equity of 2.06% and a net margin of 1.93%.Angi’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. Sell-side analysts predict that Angi will post 0.22 earnings per share for the current year.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.