Angi Inc. (NASDAQ:ANGI) Receives $22.07 Average PT from Analysts

Key Points

• Angi Inc. (NASDAQ:ANGI) has been rated with an average "Hold" recommendation by ten ratings firms, with a price target of $22.07.
• The technology company reported a missed earnings estimate for the last quarter, posting $0.23 EPS versus the expected $0.24.
• Institutional investors have increased their stakes in Angi, with ArrowMark Colorado Holdings increasing their holdings by 5.7% during the fourth quarter.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.0714.

Several equities analysts have weighed in on ANGI shares. JMP Securities restated a "market perform" rating on shares of Angi in a report on Monday, June 16th. Royal Bank Of Canada raised their target price on Angi from $17.00 to $20.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. KeyCorp cut their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Zacks Research upgraded Angi to a "strong-buy" rating in a report on Friday, August 8th. Finally, Citigroup lowered Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th.

Angi Stock Up 1.0%

Shares of NASDAQ:ANGI traded up $0.17 during midday trading on Tuesday, hitting $17.72. 361,415 shares of the stock were exchanged, compared to its average volume of 776,608. Angi has a 52-week low of $10.88 and a 52-week high of $29.15. The business's fifty day simple moving average is $16.82 and its two-hundred day simple moving average is $15.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $785.70 million, a PE ratio of 14.41 and a beta of 1.80.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Angi had a net margin of 5.50% and a return on equity of 5.73%. The company had revenue of $278.22 million for the quarter, compared to the consensus estimate of $261.02 million. The business's quarterly revenue was down 11.7% compared to the same quarter last year. As a group, research analysts predict that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock valued at $85,000 after purchasing an additional 7,340 shares in the last quarter. Poehling Capital Management INC. acquired a new stake in Angi during the second quarter valued at approximately $231,000. Raymond James Financial Inc. acquired a new stake in Angi during the fourth quarter valued at approximately $27,000. Hsbc Holdings PLC acquired a new stake in Angi during the fourth quarter valued at approximately $30,000. Finally, Oxford Asset Management LLP acquired a new stake in Angi during the fourth quarter valued at approximately $33,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.