Angi Inc. (NASDAQ:ANGI) Receives $3.78 Average PT from Analysts

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.78.

Several research analysts have commented on the stock. UBS Group upgraded shares of Angi to a "hold" rating in a report on Monday. JMP Securities began coverage on shares of Angi in a report on Tuesday, July 9th. They issued an "outperform" rating and a $3.25 target price for the company.

Angi Stock Up 0.4 %

Shares of ANGI stock traded up $0.01 during trading on Wednesday, reaching $2.41. The company's stock had a trading volume of 248,156 shares, compared to its average volume of 712,975. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -48.20 and a beta of 1.95. The stock's 50-day moving average price is $2.57 and its 200 day moving average price is $2.31. Angi has a 1-year low of $1.54 and a 1-year high of $3.10.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The company had revenue of $315.13 million during the quarter, compared to analysts' expectations of $305.06 million. During the same quarter in the previous year, the business posted ($0.03) EPS.

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now owns 125,262 shares in the company, valued at $290,607.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Angi

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in Angi in the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets lifted its holdings in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock worth $65,000 after acquiring an additional 7,649 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi during the 2nd quarter worth about $85,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Angi during the 1st quarter worth about $108,000. Finally, SG Americas Securities LLC purchased a new position in shares of Angi during the 1st quarter worth about $162,000. Hedge funds and other institutional investors 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.