Angi Inc. (NASDAQ:ANGI) Stock Has Consensus Price Target of $10.57 According to Brokerages

Angi Inc. (NASDAQ:ANGI) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.57.

Several equities analysts have recently weighed in on ANGI shares. Wall Street Zen downgraded Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. started coverage on Angi in a research report on Friday, September 11th. They set an “underweight” rating for the company. UBS Group set a $14.00 price objective on Angi in a research note on Thursday, September 24th. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the company a “neutral” rating in a report on Monday, July 13th. Finally, Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Angi Stock Up 1.0%

ANGI opened at $6.02 on Friday. Angi has a twelve month low of $4.26 and a twelve month high of $14.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $5.55 and a 200 day moving average price of $6.87. The company has a market cap of $243.51 million, a PE ratio of -1.09 and a beta of 1.71.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $253.43 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. Sell-side analysts expect that Angi will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. Parallel Advisors LLC purchased a new position in Angi in the 1st quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings in shares of Angi by 1,047.4% in the third quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock valued at $26,000 after purchasing an additional 4,085 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Angi by 81.4% in the third quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company’s stock valued at $33,000 after purchasing an additional 2,608 shares during the last quarter. Royal Bank of Canada purchased a new position in Angi during the first quarter worth approximately $73,000. Finally, Vise Technologies Inc. purchased a new position in Angi during the third quarter worth approximately $74,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.