Analysts Set Angi Inc. (NASDAQ:ANGI) Target Price at $21.36

Angi Inc. (NASDAQ:ANGI - Get Free Report) has received an average rating of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.36.

Several brokerages recently commented on ANGI. Wall Street Zen raised shares of Angi from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Citigroup decreased their price objective on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. UBS Group decreased their price objective on shares of Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Royal Bank of Canada decreased their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp decreased their price objective on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th.

Angi Stock Down 2.4%

Shares of ANGI stock traded down $0.38 during mid-day trading on Thursday, hitting $15.44. 924,600 shares of the stock traded hands, compared to its average volume of 386,908. The stock has a market cap of $740.92 million, a P/E ratio of 193.02 and a beta of 1.81. The stock's fifty day moving average is $14.32 and its two-hundred day moving average is $16.04. Angi has a 52-week low of $10.88 and a 52-week high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. Equities analysts predict that Angi will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently bought and sold shares of ANGI. ArrowMark Colorado Holdings LLC increased its holdings in shares of Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after purchasing an additional 267,946 shares in the last quarter. Westerly Capital Management LLC increased its holdings in shares of Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after purchasing an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after purchasing an additional 207,300 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.