Shares of Angi Inc. (NASDAQ:ANGI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.78.
Separately, JMP Securities initiated coverage on Angi in a report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price target on the stock.
Check Out Our Latest Research Report on ANGI
Insider Activity at Angi
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in Angi in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in Angi during the 2nd quarter valued at about $26,000. Boulder Hill Capital Management LP purchased a new stake in Angi in the fourth quarter valued at about $57,000. BNP Paribas Financial Markets grew its stake in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Angi during the first quarter worth about $108,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.
Angi Price Performance
Angi stock opened at $2.88 on Friday. Angi has a 52-week low of $1.54 and a 52-week high of $3.10. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $2.47 and its 200 day moving average is $2.31. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -57.60 and a beta of 1.95.
Angi (NASDAQ:ANGI – Get Free Report) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The firm had revenue of $315.13 million for the quarter, compared to the consensus estimate of $305.06 million. During the same period in the previous year, the firm posted ($0.03) EPS.
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.
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