Angi Inc. (NASDAQ:ANGI) Given Consensus Rating of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.00.

Several research firms have recently commented on ANGI. Truist Financial set a $12.00 price target on Angi and gave the stock a “buy” rating in a research report on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of Angi in a report on Tuesday, May 26th. Zacks Research upgraded Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Wednesday.

Angi Trading Up 17.5%

ANGI opened at $5.97 on Monday. Angi has a 52 week low of $4.53 and a 52 week high of $19.42. The business has a fifty day simple moving average of $5.90 and a 200-day simple moving average of $8.74. The firm has a market cap of $241.49 million, a P/E ratio of 14.56 and a beta of 1.62. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.52.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.22) EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $240.64 million. During the same period last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that Angi will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in Angi in the first quarter valued at $325,000. Royal Bank of Canada purchased a new position in Angi in the first quarter valued at $73,000. Parallel Advisors LLC purchased a new position in Angi in the first quarter valued at $25,000. Empowered Funds LLC purchased a new position in Angi in the first quarter valued at $1,136,000. Finally, California State Teachers Retirement System purchased a new position in Angi in the first quarter valued at $237,000. 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.