Angi Inc. (NASDAQ:ANGI) Receives Average Recommendation of “Hold” from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.3333.

Several analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. KeyCorp set a $11.00 price target on shares of Angi in a report on Thursday, February 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target (down from $18.00) on shares of Angi in a research note on Tuesday, February 17th. Zacks Research cut shares of Angi from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research report on Monday, December 29th.

Angi Stock Down 1.6%

Shares of Angi stock opened at $7.39 on Friday. The stock’s 50-day moving average is $10.65 and its 200 day moving average is $12.92. Angi has a one year low of $7.32 and a one year high of $19.42. The firm has a market cap of $296.34 million, a price-to-earnings ratio of 7.95 and a beta of 1.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.65.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). Angi had a return on equity of 4.41% and a net margin of 4.25%.The business had revenue of $240.77 million during the quarter, compared to the consensus estimate of $245.58 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new stake in Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.