Angi Inc. (NASDAQ:ANGI) Receives Average Recommendation of "Hold" from Analysts

Angi Inc. (NASDAQ:ANGI - Get Free Report) has received an average rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.36.

ANGI has been the topic of a number of recent analyst reports. Benchmark upped their target price 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. UBS Group cut their price target on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Citigroup lowered shares of Angi from a "buy" rating to a "market perform" rating in a research note on Monday, June 16th. JMP Securities restated a "market perform" rating on shares of Angi in a research note on Monday, June 16th. Finally, Wall Street Zen downgraded Angi from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Angi Trading Up 2.2%

Shares of NASDAQ:ANGI opened at $16.73 on Monday. Angi has a 1 year low of $10.88 and a 1 year high of $29.15. The firm has a market capitalization of $802.63 million, a price-to-earnings ratio of 15.20 and a beta of 1.78. 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 business's 50 day moving average price is $15.34 and its 200-day moving average price is $15.74.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The company had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 4.99% and a net margin of 4.69%. On average, equities research analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its position 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 acquiring an additional 7,340 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after acquiring an additional 7,944 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Angi during the fourth quarter valued at $27,000. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 17,605 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Angi in the 4th quarter valued at about $30,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.

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