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

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.2857.

ANGI has been the subject of a number of research analyst reports. KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a report on Wednesday, June 24th. Truist Financial set a $10.00 price objective on shares of Angi and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Angi in a research report on Tuesday, May 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ANGI. Parallel Advisors LLC purchased a new position in shares of Angi during the first quarter worth about $25,000. Royal Bank of Canada purchased a new stake in Angi during the 1st quarter valued at approximately $73,000. Janus Henderson Group PLC acquired a new stake in Angi during the 1st quarter worth approximately $118,000. California State Teachers Retirement System purchased a new position in shares of Angi in the 1st quarter valued at approximately $237,000. Finally, Bank of America Corp DE purchased a new position in shares of Angi in the 1st quarter valued at approximately $325,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Performance

NASDAQ:ANGI opened at $4.59 on Tuesday. The company has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $7.19. The company has a market cap of $185.66 million, a price-to-earnings ratio of -0.83 and a beta of 1.62. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Angi has a 52 week low of $4.26 and a 52 week high of $18.76.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($5.83). Angi had a negative net margin of 22.35% and a positive return on equity of 1.52%. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $253.43 million. During the same quarter in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Angi will post 0.16 earnings per share for the current fiscal 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.