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

Angi Inc. (NASDAQ:ANGI) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.2857.

Several equities research analysts have recently issued reports on the stock. KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. 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. Truist Financial set a $10.00 price target on Angi and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Benchmark reiterated a “buy” rating on shares of Angi in a report on Tuesday, May 26th.

Angi Stock Down 2.3%

ANGI opened at $4.72 on Tuesday. The firm has a 50 day moving average price of $5.62 and a 200 day moving average price of $7.00. The company has a market cap of $190.92 million, a PE ratio of -0.86 and a beta of 1.62. Angi has a 1 year low of $4.26 and a 1 year high of $18.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing the consensus estimate of $0.13 by ($5.83). The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $253.43 million. Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. Sell-side analysts expect that Angi will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Angi in the 1st quarter worth approximately $1,592,000. Empowered Funds LLC acquired a new position in shares of Angi during the first quarter worth $1,136,000. Parallel Advisors LLC acquired a new position in shares of Angi during the first quarter worth $25,000. Flax Pond Capital LLC purchased a new position in shares of Angi in the first quarter valued at $3,324,000. Finally, Bank of America Corp DE purchased a new position in Angi in the 1st quarter valued at about $325,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.