Angi Inc. (NASDAQ:ANGI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $3.11.

Several analysts have weighed in on ANGI shares. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. JMP Securities dropped their price target on Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Benchmark reduced their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, KeyCorp dropped their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th.

Angi Stock Performance

Shares of ANGI opened at $1.86 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a market cap of $924.92 million, a PE ratio of 26.57 and a beta of 1.95. Angi has a 12 month low of $1.65 and a 12 month high of $3.10. The stock has a fifty day moving average price of $2.34 and a 200-day moving average price of $2.29.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the business posted ($0.01) earnings per share. Equities research analysts predict that Angi will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Assenagon Asset Management S.A. lifted its stake in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. Inspire Investing LLC boosted its stake in shares of Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after acquiring an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Angi during the 3rd quarter valued at about $645,000. Finally, AQR Capital Management LLC increased its stake in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares in the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.