Angi Inc. (NASDAQ:ANGI) Receives $16.33 Consensus PT from Brokerages

Angi Inc. (NASDAQ:ANGI) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.3333.

Several equities analysts have recently weighed in on the stock. Truist Financial set a $17.00 price objective on shares of Angi and gave the company a “buy” rating in a report on Wednesday, February 11th. Benchmark reissued a “buy” rating on shares of Angi in a research note on Thursday, February 12th. Zacks Research downgraded Angi from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday. Wall Street Zen cut Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 price objective (down previously from $18.00) on shares of Angi in a report on Tuesday.

Angi Price Performance

Shares of ANGI opened at $8.08 on Tuesday. The firm has a market cap of $348.65 million, a PE ratio of 8.69 and a beta of 1.74. Angi has a 52-week low of $7.72 and a 52-week high of $19.42. The business’s 50 day moving average price is $12.07 and its two-hundred day moving average price is $13.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.65.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $240.77 million during the quarter, compared to the consensus estimate of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. The business’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, equities analysts anticipate that Angi will post 0.08 EPS for the current year.

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.