Angi Inc. (NASDAQ:ANGI) Given Average Rating of “Hold” by Analysts

Angi Inc. (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3.11.

Several analysts have recently weighed in on ANGI shares. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp decreased their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Benchmark dropped their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research report on Monday.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.64 on Thursday. The firm has a market capitalization of $815.52 million, a PE ratio of 23.43 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 1-year low of $1.62 and a 1-year high of $3.10. The business’s 50 day moving average is $2.16 and its 200-day moving average is $2.26.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period last year, the business earned ($0.01) earnings per share. Sell-side analysts predict that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in Angi during the 2nd quarter valued at $183,000. Cowen AND Company LLC bought a new stake in shares of Angi during the second quarter worth $267,000. Headlands Technologies LLC acquired a new stake in shares of Angi in the second quarter valued at $26,000. Dimensional Fund Advisors LP raised its holdings in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after buying an additional 494,739 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after buying an additional 161,189 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

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.