Angi Inc. (NASDAQ:ANGI) Given Average Recommendation of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.3333.

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Angi from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Wall Street Zen cut shares of Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research report on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.00 price objective (down previously from $18.00) on shares of Angi in a research report on Tuesday. Finally, UBS Group restated a “neutral” rating on shares of Angi in a research note on Thursday, February 12th.

Angi Stock Performance

ANGI opened at $8.41 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.65. The company has a market cap of $362.89 million, a PE ratio of 9.04 and a beta of 1.74. The stock has a 50-day moving average of $11.97 and a 200-day moving average of $13.92. Angi has a 52-week low of $7.72 and a 52-week high of $19.42.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $240.77 million during the quarter, compared to analyst estimates of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. As a group, equities research analysts forecast that Angi will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new stake in shares of Angi Inc. (NASDAQ:ANGI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Company Profile

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.