Analysts Set Angi Inc. (NASDAQ:ANGI) PT at $19.75

Angi Inc. (NASDAQ:ANGI) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.75.

Several research analysts have recently issued reports on ANGI shares. Wall Street Zen lowered Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Zacks Research upgraded Angi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada lowered their price target on Angi from $20.00 to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. UBS Group reduced 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, KeyCorp restated an “overweight” rating and set a $17.00 price objective on shares of Angi in a report on Thursday, January 8th.

Institutional Trading of Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new stake in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. Institutional investors own 12.84% of the company’s stock.

Angi Stock Down 3.3%

Shares of NASDAQ ANGI opened at $12.69 on Friday. Angi has a 1 year low of $10.25 and a 1 year high of $20.70. The firm’s 50-day moving average is $12.47 and its 200-day moving average is $14.67. 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 firm has a market capitalization of $547.57 million, a PE ratio of 16.70 and a beta of 1.71.

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

Angi Company Profile

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.