Analysts Set Angi Inc. (NASDAQ:ANGI) Price Target at $3.11

Angi Inc. (NASDAQ:ANGI) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.11.

A number of research firms have recently weighed in on ANGI. JMP Securities reissued a “market outperform” rating and set a $3.00 target price on shares of Angi in a research report on Monday, December 16th. KeyCorp reduced their target price on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th.

Angi Price Performance

Shares of NASDAQ:ANGI opened at $1.67 on Thursday. The stock’s 50 day moving average is $2.12 and its 200-day moving average is $2.25. Angi has a twelve month low of $1.62 and a twelve month high of $3.10. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $830.44 million, a price-to-earnings ratio of 23.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Sell-side analysts forecast that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Angi in the second quarter valued at about $26,000. Barclays PLC increased its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP bought a new position in shares of Angi in the 3rd quarter worth approximately $46,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi in the second quarter worth approximately $85,000. Finally, Verition Fund Management LLC bought a new stake in Angi during the third quarter valued at approximately $116,000. Institutional investors own 12.84% of the company’s stock.

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.