Angi Inc. (NASDAQ:ANGI) Given Consensus Rating of "Hold" by Analysts

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have been given an average recommendation of "Hold" by the eight ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3.11.

Several research firms have recently weighed in on ANGI. JMP Securities reissued a "market outperform" rating and set a $3.00 price objective on shares of Angi in a research note on Monday. The Goldman Sachs Group lowered Angi from a "buy" rating to a "neutral" rating and decreased their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. KeyCorp cut their price objective on Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. UBS Group upgraded shares of Angi to a "hold" rating in a report on Monday, October 28th. Finally, Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Angi

A number of large investors have recently made changes to their positions in ANGI. Headlands Technologies LLC purchased a new position in Angi during the second quarter valued at approximately $26,000. Barclays PLC boosted its stake in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP purchased a new position in shares of Angi during the 3rd quarter valued at $46,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi in the second quarter worth $85,000. Finally, Verition Fund Management LLC acquired a new position in Angi in the 3rd quarter worth about $116,000. Institutional investors and hedge funds own 12.84% of the company's stock.

Angi Price Performance

NASDAQ ANGI traded up $0.06 on Thursday, reaching $1.70. The company's stock had a trading volume of 2,506,273 shares, compared to its average volume of 790,441. Angi has a twelve month low of $1.62 and a twelve month high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm's 50 day moving average is $2.14 and its two-hundred day moving average is $2.26. The stock has a market cap of $845.36 million, a PE ratio of 24.29 and a beta of 1.86.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the prior year, the business earned ($0.01) earnings per share. As a group, sell-side analysts predict that Angi will post 0.08 EPS for the current year.

About Angi

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.