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

Angi Inc. (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $10.4286.

Several research firms have recently commented on ANGI. Citizens Jmp reissued a “market perform” rating on shares of Angi in a research report on Monday, July 13th. JPMorgan Chase & Co. cut their price target on Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Benchmark reissued a “buy” rating on shares of Angi in a report on Tuesday, May 26th. Zacks Research upgraded shares of Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th.

Angi Stock Performance

NASDAQ ANGI opened at $6.00 on Friday. The company has a market cap of $242.70 million, a P/E ratio of 14.63 and a beta of 1.61. The company has a fifty day simple moving average of $5.70 and a 200 day simple moving average of $7.91. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. Angi has a 12-month low of $4.53 and a 12-month high of $19.42.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The firm had revenue of $238.15 million for the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts predict that Angi will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Angi

A number of institutional investors and hedge funds have recently modified their holdings of ANGI. Empowered Funds LLC bought a new stake in Angi during the first quarter worth $1,136,000. Royal Bank of Canada purchased a new position in Angi in the first quarter worth $73,000. California State Teachers Retirement System purchased a new position in Angi in the first quarter worth $237,000. Janus Henderson Group PLC bought a new position in Angi in the 1st quarter valued at $118,000. Finally, Bank of America Corp DE bought a new position in Angi in the 1st quarter valued at $325,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.