Angi Inc. (NASDAQ:ANGI) Receives $3.78 Consensus Target Price from Analysts

Angi Inc. (NASDAQ:ANGI) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.78.

A number of brokerages have recently issued reports on ANGI. Citigroup lowered their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, May 9th. KeyCorp lowered their target price on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, JMP Securities started coverage on Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price objective for the company.

Angi Stock Up 1.5 %

Shares of ANGI opened at $2.70 on Monday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -54.00 and a beta of 2.00. Angi has a 12-month low of $1.54 and a 12-month high of $3.10. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.33.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $315.13 million during the quarter, compared to analyst estimates of $305.06 million. Angi had a negative net margin of 2.01% and a negative return on equity of 1.84%. During the same period in the previous year, the firm earned ($0.03) earnings per share. Equities research analysts expect that Angi will post -0.01 earnings per share for the current year.

Insider Activity at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now directly owns 125,262 shares in the company, valued at $290,607.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 35,244 shares of company stock worth $73,190 over the last three months. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Angi

A number of large investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in Angi in the second quarter worth about $85,000. AQR Capital Management LLC raised its holdings in Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 161,189 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Angi by 36.4% in the second 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. Headlands Technologies LLC bought a new position in Angi in the second quarter worth about $26,000. Finally, Cowen AND Company LLC bought a new position in Angi in the second quarter worth about $267,000. 12.84% of the stock is currently 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.