Angi Inc. (NASDAQ:ANGI – Get Free Report) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.00.
Several equities analysts have weighed in on the stock. Benchmark restated a “buy” rating on shares of Angi in a report on Tuesday, May 26th. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. Truist Financial set a $12.00 target price on shares of Angi and gave the company a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $10.00 target price on shares of Angi and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Angi in a report on Thursday, February 12th.
View Our Latest Research Report on ANGI
Angi Stock Performance
Angi (NASDAQ:ANGI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $240.64 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts predict that Angi will post 0.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flax Pond Capital LLC acquired a new position in Angi during the first quarter valued at approximately $3,324,000. Empowered Funds LLC acquired a new position in Angi during the first quarter valued at approximately $1,136,000. Bank of America Corp DE acquired a new position in Angi during the first quarter valued at approximately $325,000. California State Teachers Retirement System acquired a new position in Angi during the first quarter valued at approximately $237,000. Finally, Janus Henderson Group PLC acquired a new position in Angi during the first quarter valued at approximately $118,000. 12.84% of the stock is owned by institutional investors and hedge funds.
About Angi
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.
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