Angi Inc. (NASDAQ:ANGI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Angi Inc. (NASDAQ:ANGI) have received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $3.11.

A number of brokerages recently weighed in on ANGI. Benchmark cut their price target 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. KeyCorp decreased their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, Citigroup raised their target price on Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.78 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $885.14 million, a PE ratio of 25.43 and a beta of 1.86. The stock’s fifty day simple moving average is $1.77 and its two-hundred day simple moving average is $2.19. Angi has a 1-year low of $1.49 and a 1-year high of $3.10.

Angi (NASDAQ:ANGI) last released its 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 company had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same period in the prior year, the company posted ($0.01) earnings per share. As a group, analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

A number of large investors have recently made changes to their positions in ANGI. Dimensional Fund Advisors LP lifted its holdings in Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares in the last quarter. 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 valued at $1,593,000 after buying an additional 161,189 shares during the period. Inspire Investing LLC lifted its holdings in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Angi during the third quarter valued at approximately $645,000. 12.84% of the stock is owned by institutional investors.

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.