Angi Inc. (NASDAQ:ANGI) Receives $19.75 Average PT from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.75.

Several equities research analysts have recently issued reports on ANGI shares. Royal Bank Of Canada decreased their target price on Angi from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a report on Monday. Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. UBS Group decreased their price target on shares of Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th.

Angi Stock Down 0.5%

Angi stock opened at $12.93 on Monday. Angi has a fifty-two week low of $10.25 and a fifty-two week high of $20.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.89. The firm’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $15.03. The stock has a market cap of $557.93 million, a PE ratio of 17.01 and a beta of 1.74.

Angi (NASDAQ:ANGI) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). The business had revenue of $265.63 million during the quarter, compared to analysts’ expectations of $268.96 million. Angi had a return on equity of 3.44% and a net margin of 3.34%.The business’s revenue was down 10.5% on a year-over-year basis. Research analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. acquired a new position in Angi Inc. (NASDAQ:ANGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors own 12.84% of the company’s stock.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.