Angi Inc. (NASDAQ:ANGI) Given Average Recommendation of “Buy” by Analysts

Angi Inc. (NASDAQ:ANGIGet Rating) has received a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.38.

A number of equities research analysts have commented on the company. StockNews.com began coverage on Angi in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Angi from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Tuesday. Credit Suisse Group cut their price objective on Angi from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, February 17th. Royal Bank of Canada cut their price objective on Angi from $12.00 to $7.00 in a research report on Thursday, February 17th. Finally, Benchmark cut their price objective on Angi from $18.00 to $15.00 in a research report on Thursday, February 17th.

NASDAQ:ANGI opened at $4.84 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $8.66. The stock has a market cap of $2.43 billion, a PE ratio of -34.57 and a beta of 1.75. Angi has a 52 week low of $4.82 and a 52 week high of $16.82.

Angi (NASDAQ:ANGIGet Rating) last posted its quarterly earnings results on Tuesday, February 15th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $415.86 million for the quarter, compared to analysts’ expectations of $414.73 million. Angi had a negative return on equity of 6.00% and a negative net margin of 4.24%. During the same period last year, the firm earned ($0.03) earnings per share. Sell-side analysts anticipate that Angi will post -0.2 earnings per share for the current fiscal year.

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of Angi stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $5.01, for a total value of $25,050.00. Following the completion of the transaction, the director now owns 214,941 shares in the company, valued at $1,076,854.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of Angi stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $8.66, for a total value of $86,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,000 shares of company stock valued at $140,050. 1.80% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Richelieu Gestion PLC purchased a new position in shares of Angi during the first quarter valued at approximately $1,988,000. Norges Bank purchased a new position in shares of Angi during the fourth quarter valued at approximately $230,000. Walleye Capital LLC boosted its position in shares of Angi by 23.8% during the fourth quarter. Walleye Capital LLC now owns 42,762 shares of the technology company’s stock valued at $394,000 after buying an additional 8,220 shares during the period. Options Solutions LLC bought a new position in Angi in the fourth quarter worth approximately $279,000. Finally, Goldman Sachs Group Inc. raised its stake in Angi by 127.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 177,961 shares of the technology company’s stock worth $1,639,000 after buying an additional 99,779 shares in the last quarter. Institutional investors and hedge funds own 13.74% of the company’s stock.

Angi Company Profile (Get Rating)

Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.

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Analyst Recommendations for Angi (NASDAQ:ANGI)

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