Angi Inc. (NASDAQ:ANGI) Given Average Rating of "Hold" by Brokerages

Angi Inc. (NASDAQ:ANGI - Get Free Report) has earned a consensus rating of "Hold" from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $3.06.

A number of brokerages have weighed in on ANGI. JMP Securities reaffirmed a "market outperform" rating and set a $3.00 target price on shares of Angi in a research note on Monday, December 16th. Citigroup cut their price target on Angi from $2.00 to $1.70 and set a "neutral" rating for the company in a report on Friday, January 3rd. UBS Group raised Angi to a "hold" rating in a report on Monday, October 28th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered Angi from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th.

Angi Price Performance

NASDAQ ANGI remained flat at $1.56 during trading hours on Monday. 939,602 shares of the company were exchanged, compared to its average volume of 729,538. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $2.22. Angi has a 1-year low of $1.49 and a 1-year high of $3.10. The company has a market cap of $775.74 million, a PE ratio of 22.29 and a beta of 1.86.

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

Institutional Investors Weigh In On Angi

A number of hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Angi during the 2nd quarter worth approximately $26,000. Barclays PLC boosted its holdings in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Angi in the 3rd quarter worth approximately $46,000. Susquehanna Fundamental Investments LLC purchased a new position in Angi in the 2nd quarter valued at approximately $85,000. Finally, Trust Co of the South raised its holdings in Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock worth $85,000 after purchasing an additional 25,500 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company's stock.

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.