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

Angi Inc. (NASDAQ:ANGI) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.00.

Several analysts have commented on the company. Zacks Research upgraded Angi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. UBS Group reiterated a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. The Goldman Sachs Group set a $10.00 target price on Angi and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. Finally, KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 6th.

Angi Stock Performance

Shares of ANGI opened at $5.40 on Thursday. The business’s fifty day simple moving average is $6.58 and its two-hundred day simple moving average is $9.63. 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. The company has a market cap of $218.43 million, a price-to-earnings ratio of 13.17 and a beta of 1.70.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.19. Angi had a return on equity of 2.06% and a net margin of 1.93%.The business had revenue of $238.15 million for the quarter, compared to the consensus estimate of $240.64 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Research analysts anticipate that Angi will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Angi

Several institutional investors have recently added to or reduced their stakes in the business. Flax Pond Capital LLC purchased a new stake in Angi during the 1st quarter valued at $3,324,000. Bank of America Corp DE bought a new position in shares of Angi during the 1st quarter valued at $325,000. Janus Henderson Group PLC bought a new position in shares of Angi during the 1st quarter valued at $118,000. California State Teachers Retirement System bought a new position in shares of Angi during the 1st quarter valued at $237,000. Finally, Royal Bank of Canada bought a new position in shares of Angi during the 1st quarter valued at $73,000. 12.84% of the stock is currently 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.