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

Angi Inc. (NASDAQ:ANGI) 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.

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) 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

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.