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

Key Points

• Angi Inc. (NASDAQ:ANGI) has received an average rating of "Hold" from analysts, with eight analysts recommending holding the stock and two recommending a buy.
• The company reported a net margin of 5.50% and a revenue of $278.22 million in its latest quarterly earnings, which was above analyst expectations but marked an 11.7% decline compared to the previous year.
• Hedge funds have shown an increased interest in Angi, with 12.84% of the stock now being owned by institutional investors following several new purchases and increases in shareholding.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been given an average rating of "Hold" by the ten brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.0714.

A number of research firms have commented on ANGI. UBS Group upped their price target on Angi from $20.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Zacks Research downgraded Angi from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. JMP Securities reaffirmed a "market perform" rating on shares of Angi in a research note on Monday, June 16th. Royal Bank Of Canada lifted their price target on shares of Angi from $17.00 to $20.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Angi from a "buy" rating to a "hold" rating in a report on Sunday.

Angi Trading Down 1.0%

ANGI traded down $0.17 during trading on Friday, hitting $16.91. 93,966 shares of the stock traded hands, compared to its average volume of 823,147. The firm has a market capitalization of $749.97 million, a P/E ratio of 13.75 and a beta of 1.80. Angi has a 12-month low of $10.88 and a 12-month high of $28.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day moving average of $17.37 and a 200 day moving average of $15.74.

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

Institutional Trading of Angi

Several large investors have recently bought and sold shares of ANGI. State of Wyoming purchased a new position in shares of Angi during the 4th quarter worth approximately $69,000. Squarepoint Ops LLC bought a new stake in shares of Angi during the fourth quarter valued at approximately $74,000. Jane Street Group LLC grew its stake in Angi by 16.8% in the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock worth $85,000 after purchasing an additional 7,340 shares during the period. Poehling Capital Management INC. bought a new position in Angi in the second quarter worth $231,000. Finally, Two Sigma Advisers LP raised its holdings in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after purchasing an additional 207,300 shares in the last quarter. 12.84% of the stock is owned by 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.