Angi Inc. (NASDAQ:ANGI) Receives Average Recommendation of “Hold” from Analysts

Angi Inc. (NASDAQ:ANGI) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.3333.

ANGI has been the topic of several analyst reports. Zacks Research cut Angi from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 target price (down from $18.00) on shares of Angi in a research report on Tuesday, February 17th. KeyCorp set a $11.00 target price on Angi in a research report on Thursday, February 12th. UBS Group reaffirmed a “neutral” rating on shares of Angi in a research report on Thursday, February 12th. Finally, Truist Financial set a $17.00 target price on Angi and gave the company a “buy” rating in a research report on Wednesday, February 11th.

Angi Stock Down 1.0%

Shares of NASDAQ:ANGI opened at $6.95 on Wednesday. The stock has a market cap of $278.73 million, a price-to-earnings ratio of 7.47 and a beta of 1.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. Angi has a 12-month low of $6.43 and a 12-month high of $19.42. The business’s 50 day moving average is $8.69 and its 200 day moving average is $11.58.

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

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.