Angi Inc. (NASDAQ:ANGI) Receives $3.11 Average PT from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $3.11.

ANGI has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 target price on shares of Angi in a report on Monday, December 16th. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Benchmark reduced their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Angi

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Angi by 1,372.4% during 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 last quarter. Dimensional Fund Advisors LP lifted 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 buying an additional 494,739 shares in the last quarter. Inspire Investing LLC boosted its stake in Angi by 152.5% during the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Angi during the third quarter valued at approximately $645,000. Finally, AQR Capital Management LLC grew its holdings in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Performance

ANGI stock opened at $1.65 on Thursday. The company has a market cap of $820.49 million, a P/E ratio of 23.57 and a beta of 1.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. Angi has a 1 year low of $1.62 and a 1 year high of $3.10. The stock’s fifty day moving average price is $2.12 and its 200-day moving average price is $2.26.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that Angi will post 0.08 earnings per share for the current 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.