Angi Inc. (NASDAQ:ANGI) Receives $15.33 Consensus Price Target from Brokerages

Angi Inc. (NASDAQ:ANGI) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.3333.

ANGI has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research note on Monday, December 29th. KeyCorp set a $11.00 price target on shares of Angi in a research note on Thursday, February 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 price objective (down from $18.00) on shares of Angi in a report on Tuesday, February 17th. Benchmark reissued a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Finally, Zacks Research downgraded Angi from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, February 17th.

Institutional Investors Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new position in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors own 12.84% of the company’s stock.

Angi Price Performance

Shares of ANGI opened at $7.53 on Friday. The business’s 50-day moving average is $10.35 and its 200-day moving average is $12.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $301.95 million, a price-to-earnings ratio of 8.10 and a beta of 1.79. Angi has a fifty-two week low of $7.29 and a fifty-two week high of $19.42.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $240.77 million for the quarter, compared to analyst estimates of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Equities research analysts expect that Angi will post 0.08 EPS for the current fiscal year.

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.