Angi Inc. (NASDAQ:ANGI) Receives Consensus Recommendation of "Hold" from Brokerages

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.36.

Several research analysts have weighed in on ANGI shares. Citigroup decreased their price objective on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JMP Securities decreased their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada cut their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Benchmark lifted their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group dropped their price target on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th.

Angi Stock Up 0.2%

Shares of NASDAQ ANGI opened at $16.38 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi has a 1 year low of $10.88 and a 1 year high of $29.15. The stock's 50-day simple moving average is $13.88 and its 200-day simple moving average is $16.79. The firm has a market cap of $786.03 million, a price-to-earnings ratio of 204.78 and a beta of 1.84.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million for the quarter, compared to the consensus estimate of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. As a group, equities analysts anticipate that Angi will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Angi during the fourth quarter valued at $27,000. Hsbc Holdings PLC acquired a new position in Angi during the 4th quarter valued at about $30,000. Headlands Technologies LLC boosted its stake in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after purchasing an additional 18,523 shares during the period. Oxford Asset Management LLP bought a new position in Angi in the 4th quarter worth about $33,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Angi in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 12.84% of the company's stock.

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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