Angi Inc. (NASDAQ:ANGI) Receives $3.06 Average PT from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.06.

ANGI has been the topic of several research reports. UBS Group upgraded shares of Angi to a “hold” rating in a report on Monday, October 28th. Benchmark decreased their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. KeyCorp dropped their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup decreased their price target on Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $3.00 price objective on shares of Angi in a report on Monday, December 16th.

Angi Stock Performance

Shares of ANGI opened at $1.83 on Monday. Angi has a one year low of $1.49 and a one year high of $3.10. The company has a market cap of $910.00 million, a PE ratio of 26.14 and a beta of 1.86. The stock has a 50-day moving average of $1.80 and a 200-day moving average of $2.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data 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 firm had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, equities research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Several institutional investors have recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC boosted its stake in Angi by 1.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares during the period. Assenagon Asset Management S.A. increased its position in Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after buying an additional 1,306,515 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares during the last quarter. 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.