Angi Inc. (NASDAQ:ANGI) Receives $21.36 Consensus Target Price from Analysts

Key Points

• Angi Inc. has received a consensus recommendation of "Hold" from analysts, with seven holding ratings and two buy ratings, and an average price target of $21.36.
• Recent institutional activity includes ArrowMark Colorado Holdings increasing its stake by 5.7%, while Two Sigma Investments raised its position by 27.7% in the fourth quarter.
• Angi's stock opened at $16.22 and has shown significant volatility, with a 12-month low of $10.88 and a high of $29.15.

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have been given a consensus rating of "Hold" by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.3571.

ANGI has been the subject of a number of recent research reports. KeyCorp decreased their price target on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Benchmark upped their target price on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Angi from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. JMP Securities reiterated a "market perform" rating on shares of Angi in a research note on Monday, June 16th. Finally, Citizens Jmp lowered shares of Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th.

Angi Trading Up 2.4%

ANGI stock traded up $0.38 during trading on Friday, hitting $16.24. The company had a trading volume of 168,037 shares, compared to its average volume of 820,231. The business has a 50-day moving average of $16.09 and a 200-day moving average of $15.73. Angi has a one year low of $10.88 and a one year high of $29.15. The stock has a market cap of $779.12 million, a PE ratio of 14.76 and a beta of 1.70. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. Angi had a return on equity of 4.99% and a net margin of 4.69%. The firm had revenue of $245.91 million for the quarter, compared to analysts' expectations of $239.73 million. Research analysts predict that Angi will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

Large investors have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of Angi in the fourth quarter worth about $30,000. Raymond James Financial Inc. purchased a new position in shares of Angi in the fourth quarter worth about $27,000. Stifel Financial Corp purchased a new position in shares of Angi in the fourth quarter worth about $90,000. Two Sigma Investments LP increased its stake in shares of Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after purchasing an additional 158,662 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after purchasing an additional 914,037 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

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.