Angi Inc. (NASDAQ:ANGI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $3.78.

ANGI has been the topic of several research reports. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. JMP Securities assumed coverage on shares of Angi in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price target on the stock.

Institutional Trading of Angi

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in Angi by 3.5% in the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after purchasing an additional 10,793 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Angi in the 2nd quarter worth approximately $26,000. Quadrature Capital Ltd lifted its stake in Angi by 21.4% in the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after purchasing an additional 17,102 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in Angi in the 1st quarter worth approximately $108,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Up 1.6 %

Shares of NASDAQ ANGI opened at $2.50 on Wednesday. The stock has a market capitalization of $1.25 billion, a P/E ratio of -250.00 and a beta of 1.95. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $2.32. Angi has a 1 year low of $1.60 and a 1 year high of $3.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $315.13 million for the quarter, compared to analyst estimates of $305.06 million. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. During the same quarter in the previous year, the firm posted ($0.03) earnings per share.

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.