Angi Inc. (NASDAQ:ANGI) Receives $4.23 Average PT from Brokerages

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.23.

Several equities analysts recently issued reports on ANGI shares. UBS Group lifted their price target on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their target price on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, February 16th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada lifted their price objective on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research report on Thursday, February 15th.

Insider Buying and Selling

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the transaction, the chief technology officer now directly owns 160,060 shares in the company, valued at approximately $412,954.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 35,496 shares of company stock worth $89,540 in the last quarter. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Angi by 26,211.1% during the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock worth $47,000 after buying an additional 14,154 shares during the period. DAVENPORT & Co LLC acquired a new stake in Angi during the 3rd quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Angi by 18.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,640 shares of the technology company’s stock valued at $550,000 after acquiring an additional 42,273 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Angi by 260.4% in the 3rd quarter. M&T Bank Corp now owns 291,288 shares of the technology company’s stock valued at $576,000 after purchasing an additional 210,470 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Angi by 76.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock worth $270,000 after purchasing an additional 59,029 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Stock Performance

ANGI stock opened at $2.06 on Tuesday. Angi has a 1-year low of $1.54 and a 1-year high of $4.18. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $2.54 and its 200-day moving average is $2.30. The firm has a market cap of $1.03 billion, a P/E ratio of -25.75 and a beta of 1.96.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The business had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. Equities analysts anticipate that Angi will post -0.01 earnings per share for the current fiscal year.

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.