Angi Inc. (NASDAQ:ANGI) Given Average Rating of “Hold” by Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.2857.

A number of brokerages have recently weighed in on ANGI. Truist Financial set a $10.00 price target on Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada set a $14.00 price objective on shares of Angi in a research report on Tuesday, May 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Wednesday, June 24th. UBS Group set a $5.00 price target on shares of Angi and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a report on Monday, July 13th.

Angi Stock Performance

Shares of ANGI opened at $4.72 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market cap of $190.92 million, a PE ratio of -0.86 and a beta of 1.61. Angi has a 12 month low of $4.26 and a 12 month high of $18.38. The stock has a fifty day moving average price of $5.33 and a 200-day moving average price of $6.15.

Angi (NASDAQ:ANGI) last announced its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The business had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $253.43 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ANGI. Parallel Advisors LLC purchased a new stake in Angi in the first quarter valued at approximately $25,000. Royal Bank of Canada acquired a new position in Angi in the 1st quarter worth approximately $73,000. Janus Henderson Group PLC purchased a new position in Angi during the 1st quarter worth approximately $118,000. AXQ Capital LP purchased a new position in Angi during the 2nd quarter worth approximately $130,000. Finally, Corient Private Wealth LP acquired a new stake in Angi during the 2nd quarter valued at approximately $140,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.