Angi Inc. (NASDAQ:ANGI) Receives $10.43 Consensus PT from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.4286.

A number of research analysts have recently weighed in on ANGI shares. The Goldman Sachs Group set a $6.00 target price on shares of Angi and gave the company a “neutral” rating in a research report on Monday, July 13th. KeyCorp cut shares of Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada set a $14.00 price objective on Angi in a research note on Tuesday, May 26th. Truist Financial set a $12.00 price objective on Angi and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Wednesday, June 24th.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $6.12 on Friday. The company’s 50-day moving average is $5.66 and its 200 day moving average is $8.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $247.55 million, a P/E ratio of 14.93 and a beta of 1.61. Angi has a fifty-two week low of $4.53 and a fifty-two week high of $19.42.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.19. The business had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.63 million. Angi had a net margin of 1.93% and a return on equity of 2.06%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. On average, equities research analysts forecast that Angi will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ANGI. Flax Pond Capital LLC purchased a new stake in Angi in the 1st quarter worth about $3,324,000. Pacer Advisors Inc. bought a new position in Angi during the first quarter worth about $1,592,000. Empowered Funds LLC bought a new position in Angi during the first quarter worth about $1,136,000. Bank of America Corp DE purchased a new position in shares of Angi in the first quarter worth about $325,000. Finally, California State Teachers Retirement System purchased a new position in shares of Angi in the first quarter worth about $237,000. Institutional investors own 12.84% of the company’s stock.

About Angi

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.