Angi Inc. (NASDAQ:ANGI) Receives Average Recommendation of “Hold” from Brokerages

Angi Inc. (NASDAQ:ANGI) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.4286.

ANGI has been the topic of several recent analyst reports. Royal Bank Of Canada set a $14.00 price objective on shares of Angi in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a report on Wednesday, June 24th. The Goldman Sachs Group set a $6.00 price target on shares of Angi and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citizens Jmp reiterated a “market perform” rating on shares of Angi in a research report on Monday, July 13th. Finally, Truist Financial set a $12.00 price objective on Angi and gave the company a “buy” rating in a report on Thursday, May 7th.

Institutional Investors Weigh In On Angi

Several large investors have recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in Angi during the 1st quarter worth approximately $25,000. Royal Bank of Canada bought a new stake in shares of Angi in the 1st quarter worth approximately $73,000. Janus Henderson Group PLC bought a new position in shares of Angi during the 1st quarter worth $118,000. California State Teachers Retirement System bought a new stake in shares of Angi in the first quarter valued at approximately $237,000. Finally, Bank of America Corp DE bought a new position in shares of Angi in the first quarter valued at approximately $325,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Trading Down 6.2%

Shares of ANGI stock opened at $5.42 on Friday. The company has a market capitalization of $219.24 million, a P/E ratio of 13.22 and a beta of 1.61. Angi has a 12-month low of $4.53 and a 12-month high of $19.42. The firm has a 50-day moving average price of $5.73 and a 200 day moving average price of $7.80. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.52.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19. Angi had a return on equity of 2.06% and a net margin of 1.93%.The company had revenue of $238.15 million for the quarter, compared to analyst estimates of $240.63 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Research analysts forecast that Angi will post 0.16 earnings per share for the current fiscal year.

About Angi

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.