Angi Inc. (NASDAQ:ANGI) Given Average Rating of “Hold” by Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.11.

Several equities research analysts recently commented on ANGI shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and set a $3.00 price target on shares of Angi in a report on Monday, December 16th. UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, Citigroup increased their price target on Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Angi Stock Down 3.3 %

Shares of NASDAQ:ANGI opened at $1.78 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi has a 52-week low of $1.49 and a 52-week high of $3.10. The company has a market capitalization of $885.14 million, a PE ratio of 25.43 and a beta of 1.86. The company has a fifty day moving average of $1.77 and a 200-day moving average of $2.19.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The business had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, equities analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. Raymond James Financial Inc. bought a new position in shares of Angi in the 4th quarter worth $27,000. Barclays PLC raised its holdings in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new position in Angi during the third quarter worth $46,000. Jones Financial Companies Lllp lifted its stake in shares of Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after buying an additional 7,944 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Angi during the third quarter valued at about $116,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.