Angi Inc. (NASDAQ:ANGI) Receives $3.05 Average PT from Analysts

Angi Inc. (NASDAQ:ANGI) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.05.

ANGI has been the subject of several recent research reports. Benchmark cut their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. KeyCorp cut their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup raised their target price on Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, StockNews.com lowered Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Angi Trading Down 1.2 %

Angi stock opened at $1.60 on Tuesday. Angi has a 52-week low of $1.49 and a 52-week high of $2.92. The company has a market cap of $795.63 million, a P/E ratio of 20.00 and a beta of 1.86. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $2.11.

Institutional Trading of Angi

A number of institutional investors have recently bought and sold shares of ANGI. JPMorgan Chase & Co. raised its stake in shares of Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock valued at $589,000 after acquiring an additional 65,119 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Angi by 46.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock valued at $677,000 after purchasing an additional 83,704 shares during the last quarter. Barclays PLC raised its position in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi in the third quarter worth about $645,000. Finally, Trust Co of the South boosted its position in shares of Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after buying an additional 25,500 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.