Angi Inc. (NASDAQ:ANGI) Receives $4.23 Average Target Price from Analysts

Angi Inc. (NASDAQ:ANGI) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.23.

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

Insider Activity at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the transaction, the chief technology officer now directly owns 160,060 shares of the company’s stock, valued at approximately $412,954.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 35,496 shares of company stock valued at $89,540. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Angi

A number of hedge funds have recently modified their holdings of ANGI. Pale Fire Capital SE boosted its holdings in Angi by 377.0% in 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 grew its position in 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 acquiring an additional 1,983,031 shares during the period. Picton Mahoney Asset Management acquired a new stake in Angi during the fourth quarter worth $778,000. One Fin Capital Management LP increased its stake in Angi by 30.0% during the third quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock worth $2,574,000 after acquiring an additional 300,000 shares during the last quarter. Finally, General American Investors Co. Inc. raised its position in Angi by 20.7% in the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares during the period. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Trading Down 0.5 %

Shares of Angi stock opened at $2.16 on Tuesday. The stock has a market cap of $1.08 billion, a PE ratio of -27.00 and a beta of 1.96. The firm has a fifty day moving average price of $2.49 and a 200 day moving average price of $2.31. Angi has a 1 year low of $1.54 and a 1 year high of $4.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $300.43 million during the quarter, compared to analysts’ expectations of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. Equities research analysts predict that Angi will post -0.01 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.