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 raised by UBS Group from $20.00 to $22.00 in a report released on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. UBS Group's target price suggests a potential upside of 15.20% from the stock's previous close.

ANGI has been the topic of several other research reports. Citizens Jmp cut shares of Angi from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Royal Bank Of Canada lowered their price target on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Citigroup lowered shares of Angi from a "buy" rating to a "market perform" rating in a research note on Monday, June 16th. 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 report on Monday, May 5th. Finally, Benchmark boosted their price target on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $22.07.

Angi Trading Up 4.6%

ANGI traded up $0.84 during trading on Thursday, reaching $19.10. 567,234 shares of the stock traded hands, compared to its average volume of 835,556. The stock has a market capitalization of $916.51 million, a PE ratio of 15.50 and a beta of 1.70. The stock's 50-day moving average is $16.14 and its 200 day moving average is $15.73. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.47. Angi has a 12 month low of $10.88 and a 12 month high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $261.02 million. Angi had a net margin of 5.50% and a return on equity of 5.65%. The company's revenue for the quarter was down 11.7% on a year-over-year basis. Equities analysts anticipate that Angi will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Several large investors have recently added to or reduced their stakes in ANGI. Raymond James Financial Inc. purchased a new stake in Angi in the fourth quarter worth $27,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after buying an additional 914,037 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Angi in the 4th quarter worth $199,000. Marshall Wace LLP acquired a new stake in Angi during the 4th quarter worth about $423,000. Finally, Stifel Financial Corp acquired a new stake in Angi during the 4th quarter worth about $90,000. Hedge funds and other 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.

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