Brokerages Set Angi Inc. (NASDAQ:ANGI) Target Price at $3.11

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $3.11.

A number of equities research analysts have recently weighed in on ANGI shares. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. JMP Securities dropped their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. Finally, UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ANGI. Headlands Technologies LLC acquired a new stake in shares of Angi in the 2nd quarter valued at approximately $26,000. Barclays PLC boosted its position in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Angi during the third quarter worth $46,000. BNP Paribas Financial Markets increased its holdings in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after buying an additional 7,649 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Angi in the 2nd quarter valued at $85,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $944.81 million, a price-to-earnings ratio of 27.14 and a beta of 1.95. The stock’s fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.30. Angi has a one year low of $1.65 and a one year high of $3.10.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The business had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, equities analysts forecast that Angi will post 0.04 EPS for the current year.

About Angi

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.