Angi Inc. (NASDAQ:ANGI) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate Angi “Hold” overall: Six of ten analysts maintain hold ratings, while two rate the stock a sell and two rate it a buy. The average 12-month price target is $10.57, compared with a recent share price of $5.72.
• Recent financial results were weak: Angi reported a quarterly loss of $5.70 per share, far below the $0.13 consensus estimate, while revenue fell 10.9% year over year to $248 million.
• Institutional interest has increased: Several hedge funds initiated positions, but institutional investors and hedge funds collectively own only 12.84% of Angi’s outstanding shares.

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been assigned a consensus rating of "Hold" from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.57.

Several brokerages have recently issued reports on ANGI. Truist Financial set a $10.00 target price on shares of Angi and gave the company a "buy" rating in a report on Thursday, August 6th. Citizens Jmp reiterated a "market perform" rating on shares of Angi in a research note on Monday, July 13th. The Goldman Sachs Group set a $6.00 target price on Angi and gave the company a "neutral" rating in a research note on Monday, July 13th. UBS Group set a $14.00 price target on shares of Angi in a research note on Thursday, September 24th. Finally, Wall Street Zen downgraded shares of Angi from a "hold" rating to a "sell" rating in a report on Saturday, August 8th.

Institutional Investors Weigh In On Angi

Several hedge funds have recently made changes to their positions in ANGI. Pale Fire Capital SE acquired a new stake in shares of Angi during the 2nd quarter worth $23,386,000. Flax Pond Capital LLC purchased a new position in shares of Angi in the 1st quarter valued at $3,324,000. Pacer Advisors Inc. acquired a new position in shares of Angi during the 1st quarter valued at $1,592,000. Empowered Funds LLC acquired a new position in shares of Angi during the 1st quarter valued at $1,136,000. Finally, Engineers Gate Manager LP purchased a new stake in Angi during the 2nd quarter worth $399,000. Institutional investors and hedge funds own 12.84% of the company's stock.

Angi Stock Up 2.9%

Shares of NASDAQ:ANGI opened at $5.72 on Wednesday. Angi has a fifty-two week low of $4.26 and a fifty-two week high of $16.70. The firm's 50 day moving average price is $5.11 and its 200 day moving average price is $5.88. The stock has a market cap of $231.37 million, a price-to-earnings ratio of -1.04 and a beta of 1.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

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). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm had revenue of $248.00 million for the quarter, compared to analysts' expectations of $253.43 million. During the same period last year, the firm posted $0.23 earnings per share. Angi's revenue for the quarter was down 10.9% on a year-over-year basis. As a group, equities research analysts predict that Angi will post 0.05 earnings per share for the current fiscal year.

About Angi

Angi Inc operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance, repair and related services. Through its platforms, consumers can search for service providers, request project information, compare options, schedule services and, in some cases, obtain pricing or book work directly.

The company's offerings are delivered through brands and products including Angi, HomeAdvisor, Handy and Angi Services. Its service categories include projects such as remodeling, plumbing, electrical work, roofing, landscaping, cleaning and moving.

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