Angi Inc. (NASDAQ:ANGI) Given Consensus Recommendation of “Hold” by Brokerages

Angi Inc. (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has 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 objective among analysts that have issued ratings on the stock in the last year is $19.75.

Several equities research analysts have recently issued reports on ANGI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Monday, December 22nd. KeyCorp lowered their price target on Angi from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. UBS Group reduced their target price on shares of Angi from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th.

Hedge Funds Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Performance

Angi stock opened at $12.66 on Monday. The company’s 50-day moving average price is $12.42 and its 200-day moving average price is $15.08. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.50. The company has a market cap of $546.28 million, a PE ratio of 16.66 and a beta of 1.74. Angi has a twelve month low of $10.25 and a twelve month high of $20.70.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). Angi had a net margin of 3.34% and a return on equity of 3.44%. The business had revenue of $265.63 million during the quarter, compared to the consensus estimate of $268.96 million. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

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.