Angi (NASDAQ:ANGI) Stock Gets Price Target Boost from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Angi from $5 to $7 but maintained a Sector Perform rating; the new target implies just 3.6% upside from the share price cited.
• Analyst opinion is mixed: Angi has an overall Hold rating and an average price target of $9.57, with two Buy, six Hold, and two Sell ratings.
• Angi reported third-quarter EPS of $0.03, missing the $0.11 consensus, and revenue of $242.02 million, slightly below estimates.

Angi (NASDAQ:ANGI - Get Free Report) had its price target hoisted by research analysts at Royal Bank Of Canada from $5.00 to $7.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "sector perform" rating on the technology company's stock. Royal Bank Of Canada's target price suggests a potential upside of 3.60% from the company's current price.

A number of other analysts also recently commented on ANGI. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the company a "neutral" rating in a report on Monday, July 13th. JPMorgan Chase & Co. initiated coverage on Angi in a report on Friday, September 11th. They set an "underweight" rating on the stock. Citizens Jmp reissued a "market perform" rating on shares of Angi in a report on Monday, July 13th. UBS Group set a $14.00 price target on shares of Angi in a report on Thursday, September 24th. Finally, Wall Street Zen lowered shares of Angi from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Angi presently has an average rating of "Hold" and an average price target of $9.57.

Angi Price Performance

Shares of ANGI stock traded down $0.08 during midday trading on Thursday, reaching $6.76. 484,854 shares of the company were exchanged, compared to its average volume of 1,043,084. The company's 50 day moving average price is $5.65 and its two-hundred day moving average price is $6.74. The company has a market cap of $273.32 million, a P/E ratio of -1.18 and a beta of 1.72. Angi has a 12 month low of $4.26 and a 12 month high of $14.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $242.02 million during the quarter, compared to the consensus estimate of $242.35 million. Angi had a negative net margin of 23.85% and a positive return on equity of 0.49%. On average, sell-side analysts expect that Angi will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Several institutional investors have recently made changes to their positions in ANGI. Pacer Advisors Inc. bought a new stake in shares of Angi in the 1st quarter valued at approximately $1,592,000. Flax Pond Capital LLC acquired a new position in shares of Angi in the 1st quarter worth approximately $3,324,000. Pale Fire Capital SE bought a new position in shares of Angi during the 2nd quarter worth approximately $23,386,000. Empowered Funds LLC bought a new position in shares of Angi during the 1st quarter worth approximately $1,136,000. Finally, Squarepoint Ops LLC bought a new position in shares of Angi during the 2nd quarter worth approximately $162,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi News Summary

Here are the key news stories impacting Angi this week:

• Positive Sentiment: Management is targeting $40 million–$50 million in operating-expense savings and about $10 million less in capital spending, with meaningfully higher EBITDA less CapEx expected in 2027. These measures could improve profitability, though execution will matter. Angi cost savings outlook
• Positive Sentiment: RBC raised its price target to $7 from $5, while maintaining a Sector Perform rating. The higher target is a modestly supportive analyst signal, not an outright bullish rating. RBC price target update
• Positive Sentiment: Angi says its marketplace is among the first home-services platforms available through Google Search’s AI Mode, potentially improving its visibility as consumers use AI to find services. The financial impact has not been quantified. Angi and Google AI Search
• Neutral Sentiment: Paradigm Vendo partnered with Angi to give home-improvement professionals access to digital sales and quoting tools. The deal could enhance Angi’s offering to professionals, but no financial terms or expected revenue contribution were disclosed. Paradigm Vendo partnership
• Negative Sentiment: Third-quarter EPS was $0.03, below analysts’ estimates, while revenue of $242.02 million was slightly short of consensus. EPS also fell from $0.23 a year earlier, underscoring pressure on results. Angi Q3 earnings miss
• Negative Sentiment: A Seeking Alpha analysis argues that Angi’s marketplace is losing service professionals and customers, and that workforce cuts may not be enough to reverse the decline. That raises concern that savings could be offset by weaker revenue and reduced scale. Analysis of Angi’s restructuring and business risks

About Angi

Angi Inc NASDAQ: ANGI operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi's business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.

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