Brokerages Set Angi Inc. (NASDAQ:ANGI) Target Price at $19.75

Shares of Angi Inc. (NASDAQ:ANGI) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.75.

A number of research analysts have recently weighed in on ANGI shares. KeyCorp cut their price objective on Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Angi from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research note on Monday, December 1st. UBS Group cut their price objective on shares of Angi from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Zacks Research cut shares of Angi from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th.

Angi Trading Down 4.2%

NASDAQ ANGI opened at $13.32 on Thursday. Angi has a 12-month low of $10.25 and a 12-month high of $20.70. The company has a fifty day simple moving average of $12.92 and a two-hundred day simple moving average of $15.41. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.50. The stock has a market cap of $574.76 million, a P/E ratio of 17.53 and a beta of 1.74.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, November 4th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.10). The firm had revenue of $265.63 million during the quarter, compared to analyst estimates of $268.96 million. Angi had a net margin of 3.34% and a return on equity of 3.44%. Angi’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts forecast that Angi will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new position in Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors and hedge funds 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.