Brokerages Set Angi Inc. (NASDAQ:ANGI) PT at $28.25

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.25.

A number of equities analysts have recently issued reports on ANGI shares. Citigroup dropped their target price on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday. JMP Securities cut their price objective on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th.

Angi Price Performance

Shares of Angi stock traded down $0.31 during trading on Wednesday, hitting $12.01. 410,562 shares of the company's stock traded hands, compared to its average volume of 231,366. The company has a market cap of $597.22 million, a PE ratio of 149.64 and a beta of 1.88. The firm's fifty day moving average price is $14.73 and its 200 day moving average price is $17.86. Angi has a twelve month low of $11.00 and a twelve month high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Institutional Trading of Angi

Several hedge funds have recently modified their holdings of ANGI. Squarepoint Ops LLC acquired a new position in Angi during the 4th quarter worth $74,000. Two Sigma Advisers LP lifted its stake in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after acquiring an additional 207,300 shares during the period. Two Sigma Investments LP lifted its stake in shares of Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after acquiring an additional 158,662 shares during the period. State of Wyoming bought a new position in Angi in the fourth quarter valued at about $69,000. Finally, Graham Capital Management L.P. acquired a new stake in Angi in the fourth quarter worth about $46,000. 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.