According to Zacks, “Angi Inc. offer repairing and remodeling to cleaning and landscaping. The company category-transforming products through brands such as HomeAdvisor(R), Angie’s List(R), Handy and Fixd Repair, HomeStars, MyHammer, MyBuilder, Instapro, Travaux and Werkspot. Angi Inc., formerly known as ANGI Homeservices Inc., is headquartered in Denver, Colorado. “
ANGI has been the topic of several other reports. KeyCorp dropped their price objective on shares of Angi from $16.00 to $14.00 and set an overweight rating on the stock in a research report on Monday, April 11th. Benchmark reduced their price objective on shares of Angi from $18.00 to $15.00 in a research note on Thursday, February 17th. BMO Capital Markets reduced their price objective on shares of Angi from $12.00 to $8.00 in a research note on Tuesday, April 26th. Royal Bank of Canada reduced their price target on shares of Angi from $12.00 to $7.00 in a research note on Thursday, February 17th. Finally, Piper Sandler reduced their price target on shares of Angi from $8.00 to $5.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $11.70.
Angi (NASDAQ:ANGI – Get Rating) last issued its earnings results on Monday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $436.20 million during the quarter, compared to the consensus estimate of $432.87 million. Angi had a negative net margin of 6.15% and a negative return on equity of 9.20%. The firm’s revenue was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Angi will post -0.21 earnings per share for the current year.
In other Angi news, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $5.01, for a total transaction of $25,050.00. Following the completion of the transaction, the director now owns 214,941 shares in the company, valued at approximately $1,076,854.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,000 shares of company stock worth $140,050. 17.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new stake in shares of Angi in the 1st quarter valued at $59,000. ETF Managers Group LLC bought a new stake in Angi during the 4th quarter valued at $68,000. Ensign Peak Advisors Inc bought a new stake in Angi during the 4th quarter valued at $76,000. Parametrica Management Ltd bought a new stake in Angi during the 1st quarter valued at $82,000. Finally, Envestnet Asset Management Inc. bought a new stake in Angi during the 4th quarter valued at $94,000. Hedge funds and other institutional investors own 17.23% 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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