Angi (NASDAQ:ANGI) Stock Gets Price Target Increase from Royal Bank Of Canada

Angi (NASDAQ:ANGI) had its target price raised by equities researchers at Royal Bank Of Canada from $5.00 to $7.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the technology company’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 3.60% from the company’s current price.

A number of other brokerages have also commented on ANGI. UBS Group set a $14.00 price target on Angi in a report on Thursday, September 24th. Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Monday, September 21st. JPMorgan Chase & Co. initiated coverage on shares of Angi in a report on Friday, September 11th. They issued an “underweight” rating on the stock. Finally, Wall Street Zen lowered shares of Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Angi currently has an average rating of “Hold” and a consensus price target of $9.57.

Angi Trading Down 1.2%

Shares of NASDAQ ANGI traded down $0.08 during midday trading on Thursday, hitting $6.76. The stock had a trading volume of 484,854 shares, compared to its average volume of 1,043,084. The firm has a market cap of $273.32 million, a P/E ratio of -1.18 and a beta of 1.72. Angi has a fifty-two week low of $4.26 and a fifty-two week high of $14.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day simple moving average is $5.65 and its 200 day simple moving average is $6.74.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, November 3rd. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Angi had a negative net margin of 23.85% and a positive return on equity of 0.49%. The business had revenue of $242.02 million for the quarter, compared to analyst estimates of $242.35 million. Research analysts anticipate that Angi will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pale Fire Capital SE acquired a new position in shares of Angi during the 2nd quarter worth approximately $23,386,000. Flax Pond Capital LLC acquired a new stake in Angi during the 1st quarter valued at $3,324,000. Pacer Advisors Inc. acquired a new stake in Angi during the 1st quarter valued at $1,592,000. Empowered Funds LLC bought a new position in Angi during the first quarter worth $1,136,000. Finally, State of Wyoming boosted its position in Angi by 448.5% during the third quarter. State of Wyoming now owns 67,239 shares of the technology company’s stock worth $387,000 after purchasing an additional 54,980 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Key Angi News

Here are the key news stories impacting Angi this week:

• Positive Sentiment: Management is targeting $40 million–$50 million in operating-expense savings and about $10 million less in capital spending, with meaningfully higher EBITDA less CapEx expected in 2027. These measures could improve profitability, though execution will matter. Angi cost savings outlook
• Positive Sentiment: RBC raised its price target to $7 from $5, while maintaining a Sector Perform rating. The higher target is a modestly supportive analyst signal, not an outright bullish rating. RBC price target update
• Positive Sentiment: Angi says its marketplace is among the first home-services platforms available through Google Search’s AI Mode, potentially improving its visibility as consumers use AI to find services. The financial impact has not been quantified. Angi and Google AI Search
• Neutral Sentiment: Paradigm Vendo partnered with Angi to give home-improvement professionals access to digital sales and quoting tools. The deal could enhance Angi’s offering to professionals, but no financial terms or expected revenue contribution were disclosed. Paradigm Vendo partnership
• Negative Sentiment: Third-quarter EPS was $0.03, below analysts’ estimates, while revenue of $242.02 million was slightly short of consensus. EPS also fell from $0.23 a year earlier, underscoring pressure on results. Angi Q3 earnings miss
• Negative Sentiment: A Seeking Alpha analysis argues that Angi’s marketplace is losing service professionals and customers, and that workforce cuts may not be enough to reverse the decline. That raises concern that savings could be offset by weaker revenue and reduced scale. Analysis of Angi’s restructuring and business risks

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.