Angi Inc. (NASDAQ:ANGI) Receives Consensus Rating of “Hold” from Analysts

Angi Inc. (NASDAQ:ANGI) has been given an average rating of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.36.

A number of research firms have commented on ANGI. Benchmark upped their price objective on shares of Angi from $6.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Royal Bank of Canada cut their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. Citizens Jmp downgraded shares of Angi from an “outperform” rating to a “market perform” rating in a research report on Monday. Citigroup lowered their price target on Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, KeyCorp cut their price target on shares of Angi from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, May 5th.

Institutional Trading of Angi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. ArrowMark Colorado Holdings LLC grew its stake in Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock worth $8,296,000 after buying an additional 267,946 shares during the last quarter. Westerly Capital Management LLC lifted its position in shares of Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after purchasing an additional 914,037 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after purchasing an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Institutional investors own 12.84% of the company’s stock.

Angi Price Performance

Shares of NASDAQ ANGI opened at $15.74 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The business’s fifty day moving average price is $14.40 and its two-hundred day moving average price is $16.02. The firm has a market capitalization of $755.32 million, a PE ratio of 196.77 and a beta of 1.81. Angi has a 1-year low of $10.88 and a 1-year high of $29.15.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. On average, research analysts expect that Angi will post 0.08 EPS for the current year.

Angi Company Profile

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.