Angi Inc. (NASDAQ:ANGI) Receives $16.33 Average Target Price from Analysts

Angi Inc. (NASDAQ:ANGI) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.3333.

A number of research firms recently issued reports on ANGI. KeyCorp set a $11.00 target price on shares of Angi in a research report on Thursday, February 12th. Zacks Research cut Angi from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, February 17th. UBS Group reaffirmed a “neutral” rating on shares of Angi in a research report on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price target (down previously from $18.00) on shares of Angi in a research report on Tuesday, February 17th. Finally, Truist Financial set a $17.00 price objective on shares of Angi and gave the stock a “buy” rating in a report on Wednesday, February 11th.

Hedge Funds Weigh In On Angi

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 Price Performance

ANGI stock opened at $7.99 on Tuesday. The firm has a market cap of $344.78 million, a price-to-earnings ratio of 8.59 and a beta of 1.74. The company has a quick ratio of 1.89, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. Angi has a 12-month low of $7.72 and a 12-month high of $19.42. The company’s fifty day simple moving average is $11.88 and its 200 day simple moving average is $13.81.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The business had revenue of $240.77 million for the quarter, compared to analyst estimates of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) earnings per share. On average, analysts expect that Angi will post 0.08 earnings per share for the current 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.