Angi Inc. (NASDAQ:ANGI) Stock Has Consensus Price Target of $10.57

by · The Markets Daily

Shares of Angi Inc. (NASDAQ:ANGI – Get Free Report) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.57.

A number of research firms have recently issued reports on ANGI. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a report on Monday, September 21st. Citizens Jmp restated a “market perform” rating on shares of Angi in a research note on Monday, July 13th. Wall Street Zen lowered shares of Angi from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. UBS Group set a $14.00 price target on Angi in a report on Thursday, September 24th. Finally, Truist Financial set a $10.00 price target on Angi and gave the company a “buy” rating in a research note on Thursday, August 6th.

Get Our Latest Report on Angi

Institutional Trading of Angi

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pale Fire Capital SE purchased a new position in Angi in the second quarter valued at about $23,386,000. Flax Pond Capital LLC purchased a new stake in shares of Angi during the 1st quarter worth approximately $3,324,000. Pacer Advisors Inc. acquired a new stake in shares of Angi in the 1st quarter worth approximately $1,592,000. Empowered Funds LLC acquired a new stake in shares of Angi in the 1st quarter worth approximately $1,136,000. Finally, Engineers Gate Manager LP purchased a new position in Angi in the 2nd quarter valued at approximately $399,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Stock Down 1.7%

Shares of NASDAQ:ANGI opened at $5.96 on Wednesday. Angi has a 1-year low of $4.26 and a 1-year high of $15.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $241.08 million, a P/E ratio of -1.08 and a beta of 1.71. The firm has a fifty day moving average price of $5.12 and a 200 day moving average price of $5.82.

Angi (NASDAQ:ANGI – Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The business had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $253.43 million. During the same period in the previous year, the company posted $0.23 earnings per share. Angi’s quarterly revenue was down 10.9% on a year-over-year basis. Sell-side analysts predict that Angi will post 0.16 EPS for the current year.

Angi Company Profile

(Get Free Report)

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its platform, consumers can search for service providers, request project estimates, schedule appointments and manage home-related projects.

The company serves a broad range of categories, including remodeling, roofing, plumbing, electrical work, landscaping, cleaning and other residential services. Angi generates business by helping service professionals market their offerings and connect with potential customers, while providing homeowners with tools and information to evaluate and arrange services.

The company traces its history to Angie’s List, which was founded in 1995.

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