Brokerages Set Angi Inc. (NASDAQ:ANGI) Price Target at $22.07

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.0714.

ANGI has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Angi from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Royal Bank Of Canada increased their target price on shares of Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. UBS Group increased their target price on shares of Angi from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings downgraded shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th.

Angi Stock Performance

Angi stock opened at $13.38 on Wednesday. The business has a 50 day moving average of $16.81 and a 200-day moving average of $15.65. Angi has a 1 year low of $10.88 and a 1 year high of $27.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $593.27 million, a P/E ratio of 10.88 and a beta of 1.75.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. Angi’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts predict that Angi will post 0.08 earnings per share for the current year.

Institutional Trading of Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new position in shares of Angi Inc. (NASDAQ:ANGI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

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.