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

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

Several research analysts have recently weighed in on the stock. JMP Securities reduced their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Benchmark upped their price target on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group reduced their price target on shares of Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. KeyCorp reduced their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of Angi from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Angi Stock Down 2.8%

Shares of Angi stock traded down $0.45 on Friday, hitting $15.56. The company had a trading volume of 1,099,071 shares, compared to its average volume of 339,816. The firm has a market capitalization of $746.68 million, a P/E ratio of 194.52 and a beta of 1.84. Angi has a twelve month low of $10.88 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. The stock has a 50-day moving average of $13.93 and a 200-day moving average of $16.56.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to analysts' expectations of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. Research analysts predict that Angi will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ANGI. Arrowstreet Capital Limited Partnership grew its position in Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Angi in the fourth quarter valued at $1,079,000. Westerly Capital Management LLC lifted its stake in Angi by 20.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after acquiring an additional 490,000 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Angi in the fourth quarter valued at $469,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in Angi by 5.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after acquiring an additional 267,946 shares during the last quarter. Institutional investors 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.