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

Angi Inc. (NASDAQ:ANGI - Get Free Report) has received an average recommendation of "Hold" from the nine analysts that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.36.

A number of research analysts have issued reports on ANGI shares. Benchmark boosted their price target on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup cut Angi from a "buy" rating to a "market perform" rating in a research report on Monday, June 16th. JMP Securities reissued a "market perform" rating on shares of Angi in a research note on Monday, June 16th. UBS Group lowered their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, KeyCorp lowered their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th.

Institutional Investors Weigh In On Angi

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Angi during the 4th quarter worth about $73,000. Hsbc Holdings PLC purchased a new position in shares of Angi in the 4th quarter valued at about $30,000. Raymond James Financial Inc. purchased a new position in shares of Angi in the 4th quarter valued at about $27,000. Stifel Financial Corp purchased a new position in shares of Angi in the 4th quarter valued at about $90,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Angi by 24.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after acquiring an additional 17,605 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Stock Up 2.2%

NASDAQ ANGI traded up $0.37 during trading on Monday, hitting $16.85. The company's stock had a trading volume of 805,064 shares, compared to its average volume of 475,746. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market cap of $808.63 million, a PE ratio of 15.32 and a beta of 1.78. The business's 50 day simple moving average is $15.71 and its 200-day simple moving average is $15.74. Angi has a fifty-two week low of $10.88 and a fifty-two week high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.30 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 during the quarter, compared to the consensus estimate of $239.73 million. On average, equities analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

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.