Angi Inc. (NASDAQ:ANGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Angi Inc. (NASDAQ:ANGI) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.23.

A number of brokerages recently weighed in on ANGI. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, February 16th. UBS Group lifted their price objective on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th.

Insiders Place Their Bets

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 160,060 shares in the company, valued at $412,954.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 35,496 shares of company stock worth $89,540. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently bought and sold shares of ANGI. FMR LLC raised its holdings in Angi by 44.6% during the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after buying an additional 1,983,031 shares during the period. DAVENPORT & Co LLC acquired a new stake in Angi during the 3rd quarter worth about $27,000. Wolverine Asset Management LLC raised its holdings in Angi by 61.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company’s stock worth $532,000 after buying an additional 102,653 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Angi by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock worth $708,000 after buying an additional 6,587 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Angi by 76.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock worth $270,000 after buying an additional 59,029 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Performance

Shares of ANGI opened at $2.17 on Tuesday. Angi has a 1 year low of $1.54 and a 1 year high of $4.18. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -27.13 and a beta of 1.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a fifty day moving average of $2.50 and a 200-day moving average of $2.31.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The business had revenue of $300.43 million for the quarter, compared to analysts’ expectations of $306.73 million. As a group, equities analysts anticipate that Angi will post -0.01 earnings per share for the current year.

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.