Brokerages Set Angi Inc. (NASDAQ:ANGI) Target Price at $3.78

Shares of Angi Inc. (NASDAQ:ANGI) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.78.

Separately, JMP Securities initiated coverage on shares of Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price objective for the company.

Insider Transactions at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the transaction, the chief technology officer now owns 125,262 shares in the company, valued at approximately $290,607.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi in the second quarter valued at approximately $85,000. AQR Capital Management LLC increased its position in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after acquiring an additional 161,189 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. Headlands Technologies LLC purchased a new position in Angi in the second quarter valued at $26,000. Finally, Cowen AND Company LLC purchased a new stake in Angi during the 2nd quarter worth about $267,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

ANGI opened at $2.73 on Friday. The firm has a 50 day moving average of $2.50 and a two-hundred day moving average of $2.31. The firm has a market capitalization of $1.37 billion, a PE ratio of -54.60 and a beta of 1.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. Angi has a 12-month low of $1.54 and a 12-month high of $3.10.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $315.13 million during the quarter, compared to analyst estimates of $305.06 million. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. During the same quarter last year, the business posted ($0.03) EPS.

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.