Angi Inc. (NASDAQ:ANGI) Receives $3.78 Consensus Target Price from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.78.

Several research firms have recently weighed in on ANGI. UBS Group upgraded Angi to a “hold” rating in a research report on Monday, October 28th. JMP Securities began coverage on Angi in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price objective for the company.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently modified their holdings of the company. Inspire Investing LLC acquired a new position in Angi in the 1st quarter valued at about $1,234,000. GSA Capital Partners LLP raised its position in Angi by 469.5% in the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 421,841 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Angi in the 2nd quarter valued at $183,000. Vanguard Group Inc. grew its holdings in shares of Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after purchasing an additional 95,514 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Price Performance

Shares of NASDAQ ANGI opened at $2.35 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $1.17 billion, a PE ratio of -235.00 and a beta of 1.95. Angi has a one year low of $1.55 and a one year high of $3.10. The firm has a fifty day moving average of $2.56 and a 200 day moving average of $2.31.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The firm had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. During the same quarter in the prior year, the firm earned ($0.03) EPS.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.