Angi (NASDAQ:ANGI – Get Free Report)‘s stock had its “underweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Benzinga reports.
A number of other research firms have also recently commented on ANGI. The Goldman Sachs Group set a $6.00 target price on Angi and gave the company a “neutral” rating in a research note on Monday, July 13th. UBS Group set a $5.00 price objective on Angi and gave the company a “neutral” rating in a research report on Friday, August 7th. Benchmark restated a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Angi in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.29.
Read Our Latest Analysis on Angi
Angi Trading Down 1.5%
Angi (NASDAQ:ANGI – Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $253.43 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year.
Hedge Funds Weigh In On Angi
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new position in shares of Angi in the first quarter worth about $25,000. Royal Bank of Canada purchased a new position in Angi during the first quarter valued at approximately $73,000. Janus Henderson Group PLC purchased a new stake in shares of Angi in the first quarter worth $118,000. AXQ Capital LP bought a new stake in shares of Angi during the 2nd quarter valued at $130,000. Finally, Corient Private Wealth LP bought a new position in Angi in the 2nd quarter worth $140,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.
Angi Company Profile
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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