Angi Inc. (NASDAQ:ANGI) Receives Average Recommendation of "Hold" from Analysts

Angi Inc. (NASDAQ:ANGI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three 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 $3.05.

Several equities research analysts have recently commented on the company. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Citigroup raised their target price on shares of Angi from $1.70 to $2.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. JMP Securities dropped their target price on shares of Angi from $3.00 to $2.75 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group downgraded shares of Angi from a "buy" rating to a "neutral" rating and reduced their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently modified their holdings of ANGI. JPMorgan Chase & Co. boosted its holdings in Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after purchasing an additional 65,119 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Angi by 46.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company's stock worth $677,000 after buying an additional 83,704 shares in the last quarter. Barclays PLC increased its stake in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after acquiring an additional 15,191 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Angi in the 3rd quarter valued at approximately $645,000. Finally, Trust Co of the South lifted its position in shares of Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock worth $85,000 after acquiring an additional 25,500 shares during the period. Institutional investors and hedge funds own 12.84% of the company's stock.

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Angi Price Performance

Shares of NASDAQ ANGI traded up $0.06 during mid-day trading on Tuesday, reaching $1.66. 1,442,408 shares of the company traded hands, compared to its average volume of 1,260,241. The firm has a market cap of $825.47 million, a PE ratio of 20.75 and a beta of 1.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. Angi has a fifty-two week low of $1.49 and a fifty-two week high of $2.92. The stock has a fifty day simple moving average of $1.74 and a 200-day simple moving average of $2.11.

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.