Angi's (ANGI) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• Angi's stock has been reiterated with a "sell (D+)" rating by Weiss Ratings amid mixed responses from other analysts, with ratings ranging from "buy" to "hold."
• The company's latest quarterly results show an earnings per share of $0.23, falling short of expectations, with a revenue decline of 11.7% year-over-year.
• Angi's average target price currently stands at $22.07, reflecting cautious sentiment as the company has experienced fluctuations in its stock performance within a year.

Angi (NASDAQ:ANGI - Get Free Report)'s stock had its "sell (d+)" rating restated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on ANGI. Zacks Research cut Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. UBS Group increased their price target on Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised their target price on Angi from $17.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Angi from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Angi currently has an average rating of "Hold" and an average target price of $22.07.

Angi Stock Performance

Shares of Angi stock traded down $0.05 on Friday, reaching $14.18. 492,375 shares of the company were exchanged, compared to its average volume of 816,333. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. The company's 50-day moving average is $16.48 and its two-hundred day moving average is $15.68. The firm has a market cap of $628.74 million, a price-to-earnings ratio of 11.53 and a beta of 1.75. Angi has a 1-year low of $10.88 and a 1-year high of $27.10.

Angi (NASDAQ:ANGI - Get Free Report) last announced 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 company had revenue of $278.22 million for the quarter, compared to analyst estimates of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.The company's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, research analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 15,146 shares of the technology company's stock, valued at approximately $231,000. 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.

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