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

Shares of Angi Inc. (NASDAQ:ANGI) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat.com 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.57.

Several research analysts have recently issued reports on ANGI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Monday, September 21st. Truist Financial set a $10.00 price target on shares of Angi and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. UBS Group set a $14.00 price target on shares of Angi in a research report on Thursday, September 24th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a research report on Monday, July 13th.

Institutional Investors Weigh In On Angi

Hedge funds have recently bought and sold shares of the business. Pale Fire Capital SE bought a new stake in shares of Angi in the second quarter worth $23,386,000. Flax Pond Capital LLC acquired a new stake in shares of Angi in the 1st quarter valued at about $3,324,000. Pacer Advisors Inc. bought a new stake in Angi in the first quarter valued at about $1,592,000. Empowered Funds LLC acquired a new stake in Angi during the first quarter valued at approximately $1,136,000. Finally, Engineers Gate Manager LP bought a new position in Angi during the 2nd quarter worth approximately $399,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Trading Up 3.2%

NASDAQ ANGI opened at $6.05 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s fifty day moving average is $5.12 and its two-hundred day moving average is $5.86. Angi has a one year low of $4.26 and a one year high of $16.49. The firm has a market cap of $244.72 million, a PE ratio of -1.10 and a beta of 1.71.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $253.43 million. During the same period last year, the company posted $0.23 earnings per share. The business’s quarterly revenue was down 10.9% on a year-over-year basis. Analysts expect that Angi will post 0.05 earnings per share for the current year.

About Angi

Angi Inc operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance, repair and related services. Through its platforms, consumers can search for service providers, request project information, compare options, schedule services and, in some cases, obtain pricing or book work directly.

The company’s offerings are delivered through brands and products including Angi, HomeAdvisor, Handy and Angi Services. Its service categories include projects such as remodeling, plumbing, electrical work, roofing, landscaping, cleaning and moving.