Angi (NASDAQ:ANGI) Price Target Raised to $16.00

Angi (NASDAQ:ANGI) had its price target increased by equities researchers at Wells Fargo & Company from $14.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 26.18% from the stock’s previous close.

Several other research analysts have also recently commented on ANGI. Zacks Investment Research cut shares of Angi from a “hold” rating to a “sell” rating in a report on Thursday, August 5th. Truist reduced their target price on shares of Angi from $16.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 6th. Piper Sandler reduced their target price on shares of Angi from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 6th. Oppenheimer reduced their target price on shares of Angi from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, August 6th. Finally, Truist Securities dropped their price target on shares of Angi from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.36.

Angi stock opened at $12.68 on Thursday. The stock has a market capitalization of $6.39 billion, a PE ratio of -158.50 and a beta of 1.94. Angi has a twelve month low of $9.28 and a twelve month high of $19.17. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $11.36 and a 200-day moving average of $12.96.

Angi (NASDAQ:ANGI) last announced its earnings results on Wednesday, August 4th. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). Angi had a negative return on equity of 3.06% and a negative net margin of 2.46%. The business had revenue of $420.99 million for the quarter, compared to analyst estimates of $423.45 million. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts anticipate that Angi will post -0.15 EPS for the current fiscal year.

In other Angi news, Director Bowman Angela R. Hicks sold 10,000 shares of the stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $11.60, for a total transaction of $116,000.00. Following the sale, the director now directly owns 261,773 shares in the company, valued at $3,036,566.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bowman Angela R. Hicks sold 7,133 shares of the stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $14.33, for a total transaction of $102,215.89. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in ANGI. BlackRock Inc. grew its stake in Angi by 9.7% during the first quarter. BlackRock Inc. now owns 1,770,490 shares of the technology company’s stock worth $23,017,000 after buying an additional 155,998 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Angi by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 694,538 shares of the technology company’s stock valued at $9,028,000 after purchasing an additional 21,393 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Angi by 5.1% in the 1st quarter. Northern Trust Corp now owns 369,367 shares of the technology company’s stock valued at $4,801,000 after purchasing an additional 17,946 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Angi by 72.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,840 shares of the technology company’s stock valued at $1,896,000 after purchasing an additional 61,431 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Angi by 11.5% in the 1st quarter. Citigroup Inc. now owns 26,034 shares of the technology company’s stock valued at $338,000 after purchasing an additional 2,675 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Angi Company Profile

Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.

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Analyst Recommendations for Angi (NASDAQ:ANGI)

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