Angi Inc. (NASDAQ:ANGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Angi Inc. (NASDAQ:ANGI – Get Free Report) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.78.

Separately, JMP Securities initiated coverage on shares of Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price target on the stock.

Read Our Latest Analysis on Angi

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’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 sale, the chief technology officer now owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ANGI. Victory Capital Management Inc. bought a new position in Angi in the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new position in shares of Angi in the second quarter valued at about $26,000. Boulder Hill Capital Management LP acquired a new position in Angi during the 4th quarter worth about $57,000. BNP Paribas Financial Markets grew its holdings in Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Angi in the 2nd quarter valued at about $85,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Price Performance

NASDAQ ANGI opened at $2.69 on Friday. The stock has a 50-day simple moving average of $2.51 and a 200 day simple moving average of $2.31. Angi has a twelve month low of $1.54 and a twelve month high of $3.10. The stock has a market capitalization of $1.35 billion, a PE ratio of -53.80 and a beta of 1.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98.

Angi (NASDAQ:ANGI – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The firm had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. During the same period in the prior year, the firm earned ($0.03) EPS.

Angi Company Profile

(Get Free Report

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.

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