Angi Inc. (NASDAQ:ANGI) Receives Consensus Recommendation of “Hold” from Analysts

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

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reaffirmed 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 for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, Benchmark dropped their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On Angi

A number of hedge funds have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC raised its stake in Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock worth $8,296,000 after buying an additional 267,946 shares during the last quarter. Westerly Capital Management LLC raised its stake in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after buying an additional 490,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after buying an additional 914,037 shares during the last quarter. Two Sigma Investments LP raised its stake in Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after buying an additional 158,662 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

Shares of Angi stock opened at $1.66 on Tuesday. Angi has a fifty-two week low of $1.49 and a fifty-two week high of $2.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The firm has a market capitalization of $825.47 million, a P/E ratio of 20.75 and a beta of 1.86. The company’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $2.12.

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.