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

Key Points

• Analysts give Angi an average recommendation of "Hold" based on nine firms (2 sell, 4 hold, 3 buy), with an average 12‑month target price of about $15.33.
• Angi's latest quarter missed expectations, reporting $0.17 EPS vs. $0.38 expected and revenue of $240.77M (vs. $245.58M), with quarterly revenue down 10.1% year‑over‑year.
• The stock trades around $6.95 with a market cap of about $279M and a P/E of 7.47, versus a 12‑month range of $6.43 to $19.42, highlighting a large gap between current price and analyst targets.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been given an average recommendation of "Hold" by the nine research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.3333.

ANGI has been the topic of several analyst reports. Zacks Research cut Angi from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $12.00 target price (down from $18.00) on shares of Angi in a research report on Tuesday, February 17th. KeyCorp set a $11.00 target price on Angi in a research report on Thursday, February 12th. UBS Group reaffirmed a "neutral" rating on shares of Angi in a research report on Thursday, February 12th. Finally, Truist Financial set a $17.00 target price on Angi and gave the company a "buy" rating in a research report on Wednesday, February 11th.

Angi Stock Down 1.0%

Shares of NASDAQ:ANGI opened at $6.95 on Wednesday. The stock has a market cap of $278.73 million, a price-to-earnings ratio of 7.47 and a beta of 1.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. Angi has a 12-month low of $6.43 and a 12-month high of $19.42. The business's 50 day moving average is $8.69 and its 200 day moving average is $11.58.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $240.77 million for the quarter, compared to analysts' expectations of $245.58 million. Angi had a net margin of 4.25% and a return on equity of 4.41%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. On average, sell-side analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

About Angi

Angi NASDAQ: ANGI operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company's services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie's List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.

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