Angi Inc. (NASDAQ:ANGI) Receives $4.23 Average PT from Brokerages

Angi Inc. (NASDAQ:ANGI) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.23.

ANGI has been the topic of a number of recent research reports. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. UBS Group increased their target price on shares of Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group boosted their price target on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada increased their price objective on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th.

Angi Stock Performance

Shares of ANGI stock opened at $2.06 on Tuesday. Angi has a one year low of $1.54 and a one year high of $4.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s 50 day moving average price is $2.54 and its 200-day moving average price is $2.30. The firm has a market cap of $1.03 billion, a P/E ratio of -25.75 and a beta of 1.96.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping 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 analysts’ expectations of $306.73 million. As a group, equities research analysts predict that Angi will post -0.01 EPS for the current year.

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 35,496 shares of company stock valued at $89,540. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new position in Angi in the fourth quarter valued at $26,000. DAVENPORT & Co LLC purchased a new position in Angi in the 3rd quarter valued at $27,000. Barclays PLC increased its stake in Angi by 26,211.1% in the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock valued at $47,000 after buying an additional 14,154 shares during the period. Tower Research Capital LLC TRC increased its stake in Angi by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after buying an additional 10,447 shares during the period. Finally, Boulder Hill Capital Management LP acquired a new position in shares of Angi during the fourth quarter worth about $57,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.