Analysts Set Angi Inc. (NASDAQ:ANGI) PT at $3.05

Shares of Angi Inc. (NASDAQ:ANGI) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.05.

Several research analysts recently commented on ANGI shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. StockNews.com downgraded shares of Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. KeyCorp dropped their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th.

Angi Stock Down 3.0 %

ANGI stock opened at $1.61 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. Angi has a 1 year low of $1.49 and a 1 year high of $2.92. The company has a fifty day simple moving average of $1.74 and a 200 day simple moving average of $2.09. The firm has a market cap of $800.60 million, a PE ratio of 20.13 and a beta of 1.91.

Hedge Funds Weigh In On Angi

Hedge funds have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Angi in the 3rd quarter valued at approximately $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after purchasing an additional 83,704 shares during the period. Verition Fund Management LLC acquired a new position in shares of Angi in the 3rd quarter worth approximately $116,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Angi by 1.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after purchasing an additional 84,328 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Angi in the 3rd quarter valued at $46,000. 12.84% of the stock is owned by institutional investors.

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.