Angi Inc. (NASDAQ:ANGI) Receives $3.78 Consensus Target Price from Brokerages

Angi Inc. (NASDAQ:ANGI) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3.78.

Several analysts have recently weighed in on ANGI shares. JMP Securities started coverage on shares of Angi in a research report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price objective on the stock. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th.

Angi Stock Performance

Angi stock opened at $2.50 on Wednesday. The firm’s fifty day moving average price is $2.56 and its 200-day moving average price is $2.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $1.25 billion, a P/E ratio of -250.00 and a beta of 1.95. Angi has a fifty-two week low of $1.60 and a fifty-two week high of $3.10.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $315.13 million for the quarter, compared to analysts’ expectations of $305.06 million. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. During the same quarter last year, the company posted ($0.03) EPS.

Institutional Investors Weigh In On Angi

A number of large investors have recently added to or reduced their stakes in ANGI. Headlands Technologies LLC bought a new stake in Angi in the 2nd quarter worth $26,000. BNP Paribas Financial Markets grew its holdings in Angi by 44.6% in 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 last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Angi in the 2nd quarter worth $85,000. Cutter & CO Brokerage Inc. bought a new stake in Angi in the 1st quarter worth $108,000. Finally, SG Americas Securities LLC bought a new stake in Angi in the 1st quarter worth $162,000. Institutional investors 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.