Angi (NASDAQ:ANGI) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group raised Angi's price target from $20.00 to $22.00, indicating a potential upside of 15.20% from the stock’s previous close.
• Angi's latest quarterly earnings report showed a revenue of $278.22 million, which exceeded expectations, despite the company missing earnings per share estimates by $0.01.
• The stock currently holds a consensus rating of "Hold", with seven analysts rating it as such and three giving it a buy rating.

Angi (NASDAQ:ANGI - Get Free Report) had its price target hoisted by investment analysts at UBS Group from $20.00 to $22.00 in a report released on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. UBS Group's target price points to a potential upside of 21.82% from the company's previous close.

Several other brokerages have also weighed in on ANGI. Citigroup lowered shares of Angi from a "buy" rating to a "market perform" rating in a report on Monday, June 16th. JMP Securities reissued a "market perform" rating on shares of Angi in a report on Monday, June 16th. Wall Street Zen downgraded shares of Angi from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Royal Bank Of Canada decreased their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Finally, KeyCorp dropped their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Angi presently has a consensus rating of "Hold" and a consensus price target of $22.07.

Angi Price Performance

ANGI stock traded down $0.11 on Thursday, reaching $18.06. 707,188 shares of the company's stock were exchanged, compared to its average volume of 839,554. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Angi has a twelve month low of $10.88 and a twelve month high of $29.15. The stock has a fifty day moving average of $16.25 and a 200-day moving average of $15.69. The firm has a market cap of $866.70 million, a PE ratio of 14.68 and a beta of 1.70.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The business had revenue of $278.22 million for the quarter, compared to the consensus estimate of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.73%. The firm's revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently made changes to their positions in ANGI. Poehling Capital Management INC. acquired a new position in Angi in the second quarter valued at $231,000. Squarepoint Ops LLC acquired a new stake in shares of Angi during the 4th quarter valued at $74,000. Two Sigma Advisers LP lifted its position in Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP grew its stake in Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after buying an additional 158,662 shares during the last quarter. Finally, State of Wyoming acquired a new position in Angi in the fourth quarter valued at approximately $69,000. 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.