Angi Inc. (NASDAQ:ANGI) Stock Has Consensus Target Price of $10.57

Angi Inc. (NASDAQ:ANGI) has received an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.57.

A number of analysts recently weighed in on ANGI shares. Wall Street Zen cut shares of Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. The Goldman Sachs Group set a $6.00 price target on Angi and gave the stock a “neutral” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on shares of Angi in a research report on Friday, September 11th. They issued an “underweight” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Monday, September 21st. Finally, UBS Group set a $14.00 target price on shares of Angi in a research report on Thursday, September 24th.

Angi Trading Down 3.9%

NASDAQ ANGI opened at $6.15 on Friday. The business’s 50-day moving average price is $5.50 and its 200 day moving average price is $6.95. Angi has a twelve month low of $4.26 and a twelve month high of $14.58.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $253.43 million. During the same period in the prior year, the company posted $0.23 earnings per share. Angi’s revenue was down 10.9% on a year-over-year basis. As a group, research analysts anticipate that Angi will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pale Fire Capital SE acquired a new stake in Angi during the second quarter worth about $23,386,000. Flax Pond Capital LLC bought a new position in Angi in the first quarter worth about $3,324,000. Pacer Advisors Inc. acquired a new position in Angi in the first quarter valued at approximately $1,592,000. Empowered Funds LLC acquired a new position in Angi in the first quarter valued at approximately $1,136,000. Finally, Engineers Gate Manager LP acquired a new position in Angi in the second quarter valued at approximately $399,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.