Angi Inc. (NASDAQ:ANGI) Receives $21.36 Average PT from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have been assigned an average rating of "Hold" from the eight brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.36.

ANGI has been the topic of several analyst reports. KeyCorp dropped their price target on shares of Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada dropped their price target on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Citigroup dropped their price target on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Benchmark raised their price target on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group dropped their price target on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th.

Angi Stock Performance

Shares of NASDAQ:ANGI traded down $0.38 during midday trading on Thursday, reaching $15.44. The company's stock had a trading volume of 924,600 shares, compared to its average volume of 385,531. The firm has a market capitalization of $740.92 million, a PE ratio of 193.02 and a beta of 1.81. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The stock has a fifty day moving average of $14.32 and a 200 day moving average of $16.08. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. The firm had revenue of $245.91 million for 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%. On average, equities analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Angi during the fourth quarter valued at $27,000. Hsbc Holdings PLC purchased a new position in Angi during the fourth quarter valued at $30,000. Headlands Technologies LLC lifted its holdings in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after purchasing an additional 18,523 shares in the last quarter. Oxford Asset Management LLP purchased a new position in Angi during the fourth quarter valued at $33,000. Finally, Two Sigma Securities LLC purchased a new position in Angi during the fourth quarter valued at $41,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

About Angi

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.