Angi Inc. (NASDAQ:ANGI) Receives $3.11 Consensus Target Price from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $3.11.

ANGI has been the topic of a number of recent analyst reports. JMP Securities cut their price target on shares of Angi from $3.25 to $3.00 and set a "market outperform" rating on the stock in a report on Wednesday, November 13th. UBS Group upgraded Angi to a "hold" rating in a report on Monday, October 28th. The Goldman Sachs Group downgraded Angi from a "buy" rating to a "neutral" rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Citigroup downgraded Angi from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. Finally, KeyCorp lowered their target price on Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a research note on Wednesday.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.97 on Friday. 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 company has a market capitalization of $979.62 million, a PE ratio of 28.14 and a beta of 1.95. The stock has a fifty day moving average of $2.43 and a 200-day moving average of $2.31. Angi has a one year low of $1.65 and a one year high of $3.10.

Angi (NASDAQ:ANGI - Get Free Report) last announced 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 the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, equities analysts anticipate that Angi will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC grew its position in Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock worth $1,192,000 after acquiring an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Angi during the second quarter worth $183,000. Vanguard Group Inc. raised its holdings in Angi by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company's stock valued at $17,612,000 after buying an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after buying an additional 494,739 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Angi by 21.4% in the first quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company's stock worth $256,000 after buying an additional 17,102 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company's stock.

Angi Company Profile

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.