Angi Inc. (NASDAQ:ANGI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $4.23.

Several equities analysts have recently issued reports on ANGI shares. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group upped their target price on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th.

Angi Trading Up 1.0 %

Shares of ANGI opened at $2.04 on Tuesday. Angi has a 12-month low of $1.54 and a 12-month high of $4.18. The stock’s fifty day simple moving average is $2.56 and its 200-day simple moving average is $2.30. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.02 billion, a PE ratio of -25.50 and a beta of 1.96.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The company had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. As a group, research analysts predict that Angi will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84. Following the completion of the transaction, the chief technology officer now directly owns 160,060 shares of the company’s stock, valued at $412,954.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 35,496 shares of company stock valued at $89,540 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in shares of Angi during the 4th quarter worth about $26,000. DAVENPORT & Co LLC acquired a new position in Angi during the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its stake in Angi by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after purchasing an additional 10,447 shares in the last quarter. Barclays PLC increased its position in shares of Angi by 26,211.1% during the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock worth $47,000 after purchasing an additional 14,154 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Angi during the 4th quarter worth approximately $57,000. 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.