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

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $3.06.

A number of research firms have recently commented on ANGI. JMP Securities restated a “market outperform” rating and set a $3.00 price objective on shares of Angi in a report on Monday, December 16th. KeyCorp cut their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. Citigroup cut their price target on shares of Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

Angi Price Performance

ANGI stock opened at $1.83 on Monday. The stock has a market capitalization of $910.00 million, a price-to-earnings ratio of 26.14 and a beta of 1.86. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 52-week low of $1.49 and a 52-week high of $3.10. The stock’s fifty day simple moving average is $1.80 and its 200-day simple moving average is $2.22.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same period last year, the company earned ($0.01) EPS. Equities research analysts expect that Angi will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ANGI. Trust Co of the South lifted its position in shares of Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after acquiring an additional 25,500 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock valued at $589,000 after purchasing an additional 65,119 shares during the last quarter. Barclays PLC boosted its position in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the period. XTX Topco Ltd increased its stake in Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after purchasing an additional 72,060 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Angi during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Company Profile

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.