Brokerages Set Angi Inc. (NASDAQ:ANGI) Target Price at $21.36

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.36.

Several research analysts recently issued reports on ANGI shares. Benchmark increased their price target on shares of Angi from $6.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Citigroup lowered their price objective on shares of Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. UBS Group decreased their target price on shares of Angi from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. KeyCorp decreased their target price on shares of Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC boosted its stake in shares of Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after buying an additional 267,946 shares during the period. Westerly Capital Management LLC increased its position in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after buying an additional 490,000 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock valued at $2,859,000 after purchasing an additional 914,037 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after purchasing an additional 158,662 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares during the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Stock Down 2.4%

NASDAQ:ANGI opened at $15.44 on Thursday. The firm’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $16.06. The company has a market cap of $740.92 million, a PE ratio of 193.02 and a beta of 1.81. Angi has a one year low of $10.88 and a one year high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. The business had revenue of $245.91 million during the quarter, compared to analysts’ expectations of $239.73 million. On average, research analysts anticipate that Angi will post 0.08 earnings per share for the current year.

About Angi

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.