Angi Inc. (NASDAQ:ANGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $4.23.

Several research firms have recently commented on ANGI. The Goldman Sachs Group boosted their price target on Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada boosted their price target on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. StockNews.com raised Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, UBS Group upped their target price on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th.

Insider Buying and Selling at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84. Following the sale, the chief technology officer now owns 160,060 shares in the company, valued at approximately $412,954.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Angi

Several large investors have recently added to or reduced their stakes in ANGI. Pale Fire Capital SE grew its stake in Angi by 377.0% during the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after purchasing an additional 4,966,764 shares during the last quarter. FMR LLC boosted its stake in shares of Angi by 44.6% in the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after buying an additional 1,983,031 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Angi in the second quarter worth about $4,231,000. AQR Capital Management LLC boosted its stake in shares of Angi by 1,453.3% in the fourth quarter. AQR Capital Management LLC now owns 857,399 shares of the technology company’s stock worth $2,015,000 after buying an additional 802,201 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Angi by 2,798.0% in the second quarter. JPMorgan Chase & Co. now owns 677,847 shares of the technology company’s stock worth $3,104,000 after buying an additional 654,457 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Trading Up 1.2 %

Shares of NASDAQ ANGI opened at $2.62 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $2.62 and a two-hundred day simple moving average of $2.28. The firm has a market cap of $1.32 billion, a PE ratio of -32.75 and a beta of 1.97. Angi has a twelve month low of $1.54 and a twelve month high of $4.18.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. Analysts expect that Angi will post -0.01 earnings per share for the current fiscal 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.