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

Angi Inc. (NASDAQ:ANGI) has received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $3.11.

Several equities analysts have weighed in on the company. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. KeyCorp dropped their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th.

Institutional Trading of Angi

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Angi in the fourth quarter valued at $27,000. Barclays PLC increased its holdings in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the period. Centiva Capital LP bought a new stake in Angi in the 3rd quarter valued at $46,000. Jones Financial Companies Lllp increased its holdings in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after buying an additional 7,944 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Angi in the 4th quarter valued at $73,000. Institutional investors own 12.84% of the company’s stock.

Angi Price Performance

ANGI stock opened at $1.73 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a one year low of $1.49 and a one year high of $3.10. The firm has a market capitalization of $860.28 million, a PE ratio of 24.71 and a beta of 1.86. The firm has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.18.

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

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.