Analysts Set Angi Inc. (NASDAQ:ANGI) Price Target at $4.23

Angi Inc. (NASDAQ:ANGI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.23.

A number of brokerages have weighed in on ANGI. Royal Bank of Canada boosted their target price on shares of Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. The Goldman Sachs Group upped their price objective on Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Friday, February 16th. UBS Group increased their price objective on Angi from $2.60 to $3.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Finally, StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th.

Insider Buying and Selling

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the completion of the transaction, the chief technology officer now directly owns 160,060 shares of the company's stock, valued at approximately $412,954.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 35,496 shares of company stock worth $89,540 over the last ninety days. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ANGI. Victory Capital Management Inc. acquired a new stake in Angi in the 4th quarter valued at about $26,000. DAVENPORT & Co LLC acquired a new stake in shares of Angi in the third quarter valued at approximately $27,000. Barclays PLC boosted its stake in shares of Angi by 26,211.1% during the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company's stock worth $47,000 after acquiring an additional 14,154 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Angi by 140.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company's stock worth $45,000 after acquiring an additional 10,447 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in Angi in the 4th quarter valued at $57,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Price Performance

Shares of ANGI traded up $0.05 on Tuesday, hitting $2.09. The company's stock had a trading volume of 971,765 shares, compared to its average volume of 821,538. Angi has a fifty-two week low of $1.54 and a fifty-two week high of $4.18. The company has a 50 day moving average price of $2.56 and a 200 day moving average price of $2.30. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The company had revenue of $300.43 million for the quarter, compared to analysts' expectations of $306.73 million. As a group, sell-side analysts anticipate that Angi will post -0.01 EPS for the current fiscal year.

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.