Shares of Angi Inc. (NASDAQ:ANGI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.99.
A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Angi from $3.25 to $2.25 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. StockNews.com downgraded shares of Angi from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. UBS Group lifted their price target on shares of Angi from $2.20 to $2.60 and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group decreased their price target on shares of Angi from $4.50 to $3.00 and set a “buy” rating for the company in a research note on Friday, January 19th. Finally, Benchmark reduced their price objective on shares of Angi from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, November 9th.
Hedge Funds Weigh In On Angi
Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Angi by 1.9% during the 4th quarter. Engineers Gate Manager LP now owns 212,861 shares of the technology company’s stock worth $500,000 after purchasing an additional 3,982 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Angi by 5.7% during the 1st quarter. Bank of New York Mellon Corp now owns 76,456 shares of the technology company’s stock worth $434,000 after purchasing an additional 4,137 shares during the period. Credit Suisse AG grew its stake in shares of Angi by 8.6% during the 2nd quarter. Credit Suisse AG now owns 57,613 shares of the technology company’s stock worth $264,000 after purchasing an additional 4,574 shares during the period. Ruane Cunniff & Goldfarb L.P. grew its stake in shares of Angi by 30.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 20,804 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,886 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Angi by 1.4% in the 2nd quarter. Northern Trust Corp now owns 406,976 shares of the technology company’s stock worth $1,343,000 after buying an additional 5,456 shares in the last quarter. 11.42% of the stock is owned by institutional investors and hedge funds.
Angi Trading Up 0.4 %
NASDAQ ANGI opened at $2.48 on Thursday. The firm has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $2.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.70 and a current ratio of 1.70. Angi has a one year low of $1.54 and a one year high of $4.18. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -13.78 and a beta of 1.93.
Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as quoting, invoicing, and payment services.
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