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

Angi Inc. (NASDAQ:ANGI) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $3.78.

ANGI has been the subject of several recent analyst reports. JMP Securities started coverage on shares of Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 target price for the company. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th.

Angi Stock Performance

Shares of ANGI opened at $2.35 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.31. Angi has a 52 week low of $1.55 and a 52 week high of $3.10. The stock has a market cap of $1.17 billion, a P/E ratio of -235.00 and a beta of 1.95.

Angi (NASDAQ:ANGI) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted ($0.03) earnings per share.

Hedge Funds Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. Assenagon Asset Management S.A. boosted its position in Angi by 1,372.4% during 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 purchasing an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 494,739 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Angi during the first quarter worth $1,234,000. GSA Capital Partners LLP boosted its holdings in Angi by 469.5% in the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 421,841 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Angi by 24.1% during the 2nd 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 during the period. 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.