Angi Inc. (NASDAQ:ANGI) Receives $3.78 Consensus Target Price from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) 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.

Insider Activity at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the completion of the sale, the chief technology officer now directly owns 125,262 shares in the company, valued at approximately $290,607.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by corporate insiders.

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) 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.