Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have earned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.2857.
Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Angi from $10.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada set a $14.00 target price on shares of Angi in a report on Tuesday, May 26th. UBS Group set a $5.00 target price on shares of Angi and gave the company a "neutral" rating in a research report on Friday. Benchmark reissued a "buy" rating on shares of Angi in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Angi from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th.
View Our Latest Analysis on ANGI
Institutional Investors Weigh In On Angi
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flax Pond Capital LLC purchased a new stake in Angi in the first quarter valued at approximately $3,324,000. Pacer Advisors Inc. purchased a new position in shares of Angi during the first quarter worth $1,592,000. Empowered Funds LLC acquired a new stake in shares of Angi in the first quarter valued at $1,136,000. Bank of America Corp DE acquired a new stake in shares of Angi in the first quarter valued at $325,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Angi in the 1st quarter valued at $237,000. Institutional investors and hedge funds own 12.84% of the company's stock.
Angi Price Performance
Shares of NASDAQ ANGI opened at $4.59 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $185.66 million, a price-to-earnings ratio of -0.83 and a beta of 1.62. The firm's 50 day simple moving average is $5.75 and its 200-day simple moving average is $7.19. Angi has a 12 month low of $4.26 and a 12 month high of $18.76.
Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $253.43 million. During the same quarter last year, the business earned $0.23 earnings per share. Angi's revenue was down 10.9% on a year-over-year basis. Analysts expect that Angi will post 0.16 EPS for the current year.
About Angi
(
Get Free Report)
Angi NASDAQ: ANGI operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company's services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.
Originally founded in 1995 as Angie's List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.
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