Angi (NASDAQ:ANGI) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS raised Angi’s price target to $9 from $5 but kept a “neutral” rating, implying 36.9% upside from the then-current share price.
• Analyst sentiment overall was “Hold,” with a consensus price target of $8.86; ratings included two Buys, six Holds, and two Sells.
• Angi shares fell 1.7% to $6.58, and the company’s latest quarterly EPS of $0.03 missed the $0.11 consensus estimate.

Angi (NASDAQ:ANGI - Get Free Report) had its price target hoisted by research analysts at UBS Group from $5.00 to $9.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. UBS Group's price objective would indicate a potential upside of 36.88% from the stock's current price.

ANGI has been the subject of several other reports. Wall Street Zen upgraded Angi from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Angi in a research note on Monday, September 21st. Truist Financial set a $10.00 price target on Angi and gave the stock a "buy" rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Angi from $5.00 to $7.00 and gave the company a "sector perform" rating in a research report on Thursday, November 5th. Finally, Citizens Jmp reissued a "market perform" rating on shares of Angi in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Angi presently has a consensus rating of "Hold" and a consensus price target of $8.86.

Angi Trading Down 1.7%

Shares of ANGI stock traded down $0.12 on Tuesday, hitting $6.58. 339,869 shares of the company's stock traded hands, compared to its average volume of 1,045,221. The stock has a market capitalization of $265.96 million, a price-to-earnings ratio of -1.15 and a beta of 1.72. The company's fifty day simple moving average is $5.78 and its 200 day simple moving average is $6.66. Angi has a one year low of $4.26 and a one year high of $14.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 1.30.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). The company had revenue of $242.02 million for 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 0.51%. Equities analysts forecast that Angi will post 0.16 EPS for the current year.

Institutional Trading of Angi

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC purchased a new stake in Angi in the 1st quarter worth approximately $25,000. GAMMA Investing LLC grew its position in shares of Angi by 1,047.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company's stock worth $26,000 after buying an additional 4,085 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Angi by 81.4% during the third quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company's stock valued at $33,000 after buying an additional 2,608 shares during the period. Royal Bank of Canada purchased a new position in shares of Angi during the first quarter valued at approximately $73,000. Finally, Vise Technologies Inc. purchased a new position in shares of Angi during the third quarter valued at approximately $74,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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 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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