Angi Inc. (NASDAQ:ANGI) Receives $19.75 Average Price Target from Brokerages

Angi Inc. (NASDAQ:ANGI) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.75.

Several analysts have issued reports on ANGI shares. KeyCorp lowered their target price on shares of Angi from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research note on Monday, December 29th. UBS Group reduced their target price on Angi from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen lowered Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th.

Hedge Funds Weigh In On Angi

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

Angi Stock Down 2.2%

Shares of NASDAQ ANGI opened at $12.65 on Monday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.50. The company has a market cap of $545.85 million, a P/E ratio of 16.64 and a beta of 1.71. Angi has a 52 week low of $10.25 and a 52 week high of $20.70. The business has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $14.99.

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

About Angi

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.