Analysts Set Angi Inc. (NASDAQ:ANGI) Target Price at $3.11

Angi Inc. (NASDAQ:ANGI) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.11.

A number of equities research analysts recently issued reports on ANGI shares. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. JMP Securities dropped their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th.

Angi Stock Performance

NASDAQ ANGI opened at $1.90 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 business’s 50 day moving average is $2.41 and its two-hundred day moving average is $2.30. Angi has a 12-month low of $1.65 and a 12-month high of $3.10. The stock has a market capitalization of $944.81 million, a price-to-earnings ratio of 27.14 and a beta of 1.95.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter in the previous year, the company earned ($0.01) EPS. Research analysts expect that Angi will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Angi

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Angi during the second quarter valued at $26,000. Barclays PLC lifted its holdings in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new stake in Angi in the 3rd quarter worth approximately $46,000. BNP Paribas Financial Markets lifted its holdings 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 during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Angi in the 2nd quarter worth approximately $85,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

About Angi

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.