Angi Inc. (NASDAQ:ANGI) Stock Has Consensus Target Price of $10.57 According to Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.57.

ANGI has been the subject of several recent research reports. JPMorgan Chase & Co. assumed coverage on Angi in a report on Friday, September 11th. They set an “underweight” rating for the company. The Goldman Sachs Group set a $6.00 target price on shares of Angi and gave the company a “neutral” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. UBS Group set a $14.00 price target on shares of Angi in a research note on Thursday, September 24th. Finally, Citizens Jmp restated a “market perform” rating on shares of Angi in a report on Monday, July 13th.

Angi Stock Performance

ANGI stock opened at $6.05 on Wednesday. The company has a 50 day moving average price of $5.12 and a 200 day moving average price of $5.84. Angi has a fifty-two week low of $4.26 and a fifty-two week high of $16.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $244.72 million, a PE ratio of -1.10 and a beta of 1.71.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing the consensus estimate of $0.13 by ($5.83). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $253.43 million. Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. Analysts forecast that Angi will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pale Fire Capital SE bought a new position in shares of Angi during the second quarter worth $23,386,000. Flax Pond Capital LLC bought a new stake in Angi in the 1st quarter valued at approximately $3,324,000. Pacer Advisors Inc. acquired a new position in Angi during the first quarter worth $1,592,000. Empowered Funds LLC acquired a new position in shares of Angi during the 1st quarter worth about $1,136,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Angi during the 2nd quarter worth approximately $399,000. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its platform, consumers can search for service providers, request project estimates, schedule appointments and manage home-related projects.

The company serves a broad range of categories, including remodeling, roofing, plumbing, electrical work, landscaping, cleaning and other residential services. Angi generates business by helping service professionals market their offerings and connect with potential customers, while providing homeowners with tools and information to evaluate and arrange services.

The company traces its history to Angie’s List, which was founded in 1995.