Angi Inc. (NASDAQ:ANGI) Receives $21.50 Average Target Price from Brokerages

Angi Inc. (NASDAQ:ANGI) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $19.75.

Several brokerages have recently weighed in on ANGI. Weiss Ratings downgraded Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. KeyCorp lowered their price objective on Angi from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Royal Bank Of Canada reduced their target price on Angi from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. Finally, UBS Group dropped their price target on shares of Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday.

Angi Trading Down 1.1%

ANGI opened at $11.18 on Friday. The firm’s 50 day moving average is $14.90 and its 200-day moving average is $15.73. Angi has a 52-week low of $10.88 and a 52-week high of $20.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $495.74 million, a P/E ratio of 9.09 and a beta of 1.75.

Angi (NASDAQ:ANGI) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.10). Angi had a net margin of 5.50% and a return on equity of 5.73%. The firm had revenue of $265.63 million during the quarter, compared to analysts’ expectations of $268.96 million. The business’s revenue was down 10.5% compared to the same quarter last year. Analysts expect that Angi will post 0.08 EPS for the current fiscal 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 position in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,146 shares of the technology company’s stock, valued at approximately $231,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.