Angi Inc. (ANGI) – What Are Investment Firms Saying About This Stock?

Angi Inc. (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.57.

Several equities research analysts have commented on ANGI shares. JPMorgan Chase & Co. assumed coverage on Angi in a research report on Friday, September 11th. They issued an “underweight” rating on the stock. Truist Financial set a $10.00 target price on shares of Angi and gave the company a “buy” rating in a research note on Thursday, August 6th. Citizens Jmp reissued a “market perform” rating on shares of Angi in a report on Monday, July 13th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research report on Monday, September 21st. Finally, Wall Street Zen cut shares of Angi from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ANGI. Pale Fire Capital SE acquired a new stake in Angi in the 2nd quarter valued at $23,386,000. Flax Pond Capital LLC acquired a new position in Angi during the first quarter worth $3,324,000. Pacer Advisors Inc. purchased a new position in Angi during the first quarter valued at $1,592,000. Empowered Funds LLC purchased a new position in Angi during the first quarter valued at $1,136,000. Finally, Engineers Gate Manager LP purchased a new position in Angi during the second quarter valued at $399,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Stock Performance

NASDAQ ANGI opened at $5.99 on Friday. The firm has a market capitalization of $242.30 million, a P/E ratio of -1.09 and a beta of 1.71. The stock has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $6.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Angi has a fifty-two week low of $4.26 and a fifty-two week high of $14.58.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, August 4th. The technology company reported ($5.70) EPS for the quarter, missing the consensus estimate of $0.13 by ($5.83). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $253.43 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%. The firm’s revenue was down 10.9% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. On average, equities analysts forecast that Angi will post 0.16 earnings per share for the current year.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.