Angi Inc. (NASDAQ:ANGI) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Angi, with seven holds, two buys and one sell among 10 analysts. The average 12-month price target is $9.29, compared with the stock’s recent price of $4.90.
• Angi reported a significant quarterly loss of $5.70 per share, missing the $0.13 consensus estimate, while revenue fell 10.9% year over year to $248 million, below expectations.
• Angi shares remain near their 12-month low, trading between $4.26 and $18.70 over the past year; hedge funds and other institutional investors own 12.84% of the company.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.2857.

Several equities research analysts have recently commented on ANGI shares. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the stock a "neutral" rating in a research note on Monday, July 13th. UBS Group set a $5.00 price objective on shares of Angi and gave the company a "neutral" rating in a report on Friday, August 7th. Wall Street Zen cut shares of Angi from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Citizens Jmp reaffirmed a "market perform" rating on shares of Angi in a research note on Monday, July 13th. Finally, Benchmark reiterated a "buy" rating on shares of Angi in a research report on Tuesday, May 26th.

Institutional Investors Weigh In On Angi

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in shares of Angi in the 1st quarter worth $25,000. Royal Bank of Canada bought a new stake in shares of Angi in the 1st quarter valued at about $73,000. Janus Henderson Group PLC purchased a new position in shares of Angi in the 1st quarter worth approximately $118,000. AXQ Capital LP purchased a new position in shares of Angi in the 2nd quarter worth approximately $130,000. Finally, Corient Private Wealth LP bought a new position in shares of Angi during the 2nd quarter worth approximately $140,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Up 0.8%

Shares of NASDAQ:ANGI opened at $4.90 on Friday. The stock has a market capitalization of $198.21 million, a price-to-earnings ratio of -0.89 and a beta of 1.61. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Angi has a 12-month low of $4.26 and a 12-month high of $18.70. The stock has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $6.27.

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

Angi Company Profile

Angi NASDAQ: ANGI operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company's services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie's List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.

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