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

Shares of Angi Inc. (NASDAQ:ANGI) have been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.00.

ANGI has been the topic of a number of analyst reports. The Goldman Sachs Group set a $10.00 price objective on shares of Angi and gave the company a “neutral” rating in a research note on Thursday, May 7th. Truist Financial set a $12.00 price objective on shares of Angi and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $5.02 on Monday. 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 has a 52-week low of $4.53 and a 52-week high of $19.42. The firm has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $8.98. The stock has a market cap of $203.06 million, a P/E ratio of 12.24 and a beta of 1.62.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The company had revenue of $238.15 million for the quarter, compared to analyst estimates of $240.64 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities analysts forecast that Angi will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Angi

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC bought a new stake in shares of Angi in the 1st quarter valued at $25,000. Bank of America Corp DE bought a new stake in shares of Angi in the 1st quarter valued at $325,000. Royal Bank of Canada bought a new stake in shares of Angi in the 1st quarter valued at $73,000. Pacer Advisors Inc. bought a new position in Angi during the first quarter worth $1,592,000. Finally, Empowered Funds LLC bought a new position in Angi during the first quarter worth $1,136,000. 12.84% of the stock is owned by institutional investors.

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.