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

Angi Inc. (NASDAQ:ANGI) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

ANGI has been the topic of several research analyst reports. The Goldman Sachs Group set a $10.00 price objective on shares of Angi and gave the company a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada set a $14.00 price objective on shares of Angi in a research note on Tuesday, May 26th. Truist Financial set a $12.00 price objective on shares of Angi and gave the company a “buy” rating in a research note on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th.

Institutional Investors Weigh In On Angi

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in shares of Angi during the first quarter worth $1,592,000. Empowered Funds LLC acquired a new stake in shares of Angi during the first quarter worth $1,136,000. Parallel Advisors LLC acquired a new stake in shares of Angi during the first quarter worth $25,000. Flax Pond Capital LLC acquired a new stake in shares of Angi during the first quarter worth $3,324,000. Finally, Bank of America Corp DE acquired a new stake in shares of Angi during the first quarter worth $325,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Price Performance

Shares of Angi stock opened at $5.97 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $241.49 million, a price-to-earnings ratio of 14.56 and a beta of 1.62. Angi has a 1-year low of $4.53 and a 1-year high of $19.42. The firm’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $8.71.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The business had revenue of $238.15 million for the quarter, compared to analysts’ expectations of $240.64 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Angi’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that Angi will post 0.22 earnings per share for the current fiscal year.

Angi Company Profile

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.