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

Shares of Angi Inc. (NASDAQ:ANGI) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.11.

Several analysts have recently issued reports on the stock. KeyCorp decreased their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.25 to $2.00 in a research report on Wednesday, November 13th. Finally, JMP Securities dropped their price objective on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Angi in the 2nd quarter worth about $26,000. Barclays PLC grew its stake in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP purchased a new position in Angi during the 3rd quarter worth $46,000. BNP Paribas Financial Markets raised its position in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi in the 2nd quarter worth $85,000. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Down 2.1 %

Shares of ANGI stock opened at $1.86 on Friday. The company’s fifty day simple moving average is $2.34 and its two-hundred day simple moving average is $2.29. Angi has a 52 week low of $1.65 and a 52 week high of $3.10. The stock has a market cap of $924.92 million, a P/E ratio of 26.57 and a beta of 1.95. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. During the same period in the previous year, the business earned ($0.01) earnings per share. Analysts predict that Angi will post 0.04 EPS for the current fiscal year.

About Angi

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.