Analysts Set Angi Inc. (NASDAQ:ANGI) Target Price at $3.78

Angi Inc. (NASDAQ:ANGI) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $3.78.

Separately, JMP Securities assumed coverage on shares of Angi in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 target price for the company.

Insider Activity

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $290,607.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Angi

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi in the second quarter worth $85,000. AQR Capital Management LLC lifted its stake in Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 161,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Angi during the second quarter valued at about $26,000. Finally, Cowen AND Company LLC purchased a new position in shares of Angi during the second quarter valued at about $267,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Performance

Shares of ANGI stock opened at $2.88 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -57.60 and a beta of 1.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98. Angi has a one year low of $1.54 and a one year high of $3.10. The company’s 50-day moving average is $2.47 and its 200 day moving average is $2.31.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The firm 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 earned ($0.03) earnings per share.

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.