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

Angi Inc. (NASDAQ:ANGI) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $22.0714.

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

Institutional Investors Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new position in shares of Angi Inc. (NASDAQ:ANGI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Angi Trading Down 0.2%

Shares of Angi stock opened at $13.83 on Wednesday. The business has a fifty day simple moving average of $16.65 and a two-hundred day simple moving average of $15.68. Angi has a 1 year low of $10.88 and a 1 year high of $27.10. The company has a market capitalization of $613.25 million, a price-to-earnings ratio of 11.24 and a beta of 1.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79.

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

About Angi

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.