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

Shares of Angi Inc. (NASDAQ:ANGI) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.4286.

ANGI has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Truist Financial set a $12.00 price target on shares of Angi and gave the company a “buy” rating in a research report on Thursday, May 7th. KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $6.00 price target on shares of Angi and gave the stock a “neutral” rating in a research report on Monday. Finally, Citizens Jmp reissued a “market perform” rating on shares of Angi in a research report on Monday.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Flax Pond Capital LLC bought a new stake in Angi during the 1st quarter worth approximately $3,324,000. Bank of America Corp DE bought a new stake in shares of Angi during the 1st quarter valued at $325,000. Royal Bank of Canada purchased a new position in shares of Angi during the 1st quarter valued at $73,000. Parallel Advisors LLC bought a new position in Angi in the 1st quarter worth $25,000. Finally, Empowered Funds LLC purchased a new stake in Angi in the 1st quarter worth $1,136,000. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $6.38 on Friday. The firm’s 50-day moving average price is $5.66 and its 200-day moving average price is $8.05. Angi has a 52-week low of $4.53 and a 52-week high of $19.42. The company has a market cap of $258.07 million, a PE ratio of 15.56 and a beta of 1.61. 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 issued its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. Angi had a net margin of 1.93% and a return on equity of 2.06%. The company had revenue of $238.15 million for the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that Angi will post 0.16 EPS for the current year.

About Angi

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.