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

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.00.

Several brokerages have recently issued reports on ANGI. The Goldman Sachs Group set a $10.00 target price on Angi and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Truist Financial set a $12.00 target price on Angi and gave the stock a “buy” rating in a research report on Thursday, May 7th. KeyCorp lowered Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada set a $14.00 price target on Angi in a research note on Tuesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Angi in a research report on Thursday, February 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flax Pond Capital LLC bought a new position in Angi during the 1st quarter valued at approximately $3,324,000. Empowered Funds LLC bought a new position in Angi during the 1st quarter valued at approximately $1,136,000. Bank of America Corp DE bought a new position in Angi during the 1st quarter valued at approximately $325,000. California State Teachers Retirement System bought a new position in Angi during the 1st quarter valued at approximately $237,000. Finally, Janus Henderson Group PLC bought a new position in Angi during the 1st quarter valued at approximately $118,000. Institutional investors own 12.84% of the company’s stock.

Angi Stock Down 1.3%

Shares of NASDAQ:ANGI opened at $5.40 on Thursday. Angi has a 52-week low of $4.53 and a 52-week high of $19.42. The firm has a market capitalization of $218.43 million, a P/E ratio of 13.17 and a beta of 1.70. The stock has a 50 day moving average price of $6.58 and a 200-day moving average price of $9.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 1.50.

Angi (NASDAQ:ANGI) last announced its earnings results on Tuesday, May 5th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.19. Angi had a return on equity of 2.06% and a net margin of 1.93%.The firm had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.64 million. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Angi will post 0.22 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.