Angi Inc. (ANGI) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a neutral outlook on Angi: Ten brokerages give the stock an average “Hold” rating, with two buys, six holds and two sells. The average 12-month price target is $10.57 versus a recent share price of $6.62.
• Recent financial performance was weak: Angi reported a quarterly loss of $5.70 per share, missing the $0.13 consensus estimate, while revenue fell 10.9% year over year to $248 million.
• Institutional ownership remains limited but new investors have entered: Several investment firms recently established positions, while institutional investors collectively own 12.84% of the company. Shares remain well below the 52-week high of $14.58.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been assigned an average recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.57.

Several equities analysts recently issued reports on the company. Truist Financial set a $10.00 price objective on Angi and gave the company a "buy" rating in a research report on Thursday, August 6th. Citizens Jmp reiterated a "market perform" rating on shares of Angi in a research note on Monday, July 13th. JPMorgan Chase & Co. began coverage on Angi in a report on Friday, September 11th. They issued an "underweight" rating for the company. The Goldman Sachs Group set a $6.00 price target on Angi and gave the stock a "neutral" rating in a research note on Monday, July 13th. Finally, Wall Street Zen cut Angi from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th.

Institutional Investors Weigh In On Angi

Several large investors have recently bought and sold shares of ANGI. Pale Fire Capital SE purchased a new position in Angi in the 2nd quarter worth about $23,386,000. Flax Pond Capital LLC purchased a new stake in shares of Angi during the 1st quarter valued at about $3,324,000. Pacer Advisors Inc. purchased a new stake in shares of Angi during the 1st quarter valued at about $1,592,000. Empowered Funds LLC bought a new stake in shares of Angi in the first quarter worth approximately $1,136,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Angi in the second quarter worth approximately $399,000. 12.84% of the stock is currently owned by institutional investors.

Angi Trading Down 1.6%

Shares of NASDAQ ANGI opened at $6.62 on Friday. The firm's 50 day moving average price is $5.43 and its 200-day moving average price is $5.77. The company has a market cap of $267.78 million, a PE ratio of -1.20 and a beta of 1.71. Angi has a 52-week low of $4.26 and a 52-week high of $14.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($5.83). The firm had revenue of $248.00 million for the quarter, compared to analysts' expectations of $253.43 million. Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The company's quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, equities research analysts expect that Angi will post 0.16 EPS for the current fiscal year.

About Angi

Angi Inc NASDAQ: ANGI operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi's business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.

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