Angi Inc. (NASDAQ:ANGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Angi Inc. (NASDAQ:ANGIGet Rating) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.39.

A number of analysts have commented on the stock. Benchmark reduced their price objective on shares of Angi from $15.00 to $13.00 in a research note on Thursday, August 11th. Credit Suisse Group reduced their price objective on shares of Angi from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. The Goldman Sachs Group reduced their price objective on shares of Angi from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Thursday, June 9th. Wells Fargo & Company reduced their price objective on shares of Angi from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, August 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Angi in a research note on Friday, August 12th.

Insider Transactions at Angi

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $5.19, for a total transaction of $25,950.00. Following the transaction, the director now owns 194,941 shares of the company’s stock, valued at $1,011,743.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 15,000 shares of company stock valued at $75,950 over the last three months. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Angi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. Allspring Global Investments Holdings LLC bought a new position in Angi during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in Angi during the first quarter valued at approximately $54,000. Oppenheimer & Co. Inc. acquired a new position in Angi during the first quarter valued at approximately $59,000. Bank of Montreal Can acquired a new position in Angi during the second quarter valued at approximately $66,000. Finally, ETF Managers Group LLC acquired a new position in Angi during the fourth quarter valued at approximately $68,000. Institutional investors own 12.98% of the company’s stock.

Angi Stock Performance

NASDAQ:ANGI opened at $3.20 on Monday. Angi has a twelve month low of $3.14 and a twelve month high of $14.92. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $4.64 and a 200-day moving average of $4.96. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -16.00 and a beta of 1.81.

Angi (NASDAQ:ANGIGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The technology company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Angi had a negative net margin of 5.50% and a negative return on equity of 8.89%. The company had revenue of $515.78 million during the quarter, compared to analyst estimates of $495.41 million. During the same quarter last year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts forecast that Angi will post -0.18 earnings per share for the current fiscal year.

Angi Company Profile

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Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.

Further Reading

Analyst Recommendations for Angi (NASDAQ:ANGI)

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