Angi Inc. (NASDAQ:ANGI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.3333.

A number of research analysts have recently commented on ANGI shares. KeyCorp set a $11.00 target price on Angi in a research report on Thursday. Royal Bank Of Canada decreased their price target on shares of Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Benchmark restated a “buy” rating on shares of Angi in a report on Thursday. Finally, Truist Financial set a $17.00 target price on shares of Angi and gave the company a “buy” rating in a research report on Wednesday, February 11th.

Angi Trading Down 5.8%

Shares of ANGI stock opened at $8.10 on Tuesday. Angi has a 12-month low of $7.94 and a 12-month high of $19.45. The company has a current ratio of 1.65, a quick ratio of 1.89 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average price is $12.42 and its 200-day moving average price is $14.12. The stock has a market capitalization of $349.52 million, a price-to-earnings ratio of 8.71 and a beta of 1.73.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The firm had revenue of $240.77 million for the quarter, compared to the consensus estimate of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. Angi’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. Equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.