Angi Inc. (ANGI:NSD) has received an average “Moderate Buy” recommendation from twelve analysts covering the firm, according to a report by Stock Target Advisor Ratings. Of the twelve analysts, four have given a hold rating and seven have issued a buy rating for the company. The average one-year price target for ANGI among analysts who have reported on the ANGI stock in the past year is $6.79.
ANGI Stock-Analyst Ratings:
UBS Group upgraded from a “sell” rating to a “neutral” rating, increasing the price target for the company from $2.00 to $2.75 in a research note released on February 15th.
However, Wells Fargo & Company lowered its price target on the stock from $7.00 to $5.00 and gave the stock an “overweight” rating in a research note released on January 19th.
Benchmark also reaffirmed its “buy” rating and gave a price target of $12.00 in a research note released on February 10th.
Citigroup increased its price target on ANGI stock from $2.60 to $3.40 and gave the stock a “buy” rating in a research note released on February 13th.
ANGI Stock Price Analysis:
ANGI stock opened at $2.16 on Friday, showing a 0.5% increase. The company’s market capitalization is $1.09 billion, with a price-to-earnings ratio of -8.31 and a beta of 1.66.
ANGI’s 50-day moving average price is $2.48, and its 200-day moving average price is $2.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.72, and a current ratio of 1.72. Its fifty-two week low is $1.81, and the fifty-two week high is $6.31.
Insider Transactions:
Insider activity has been noted at ANGI, with CTO Kulesh Shanmugasundaram selling 48,164 shares of the company’s stock for $144,492 in a transaction on February 1st. Following this transaction, the CTO now owns 22,416 shares of ANGI, valued at approximately $67,248. Insiders have sold a total of 48,570 shares of company stock worth $145,710 in the last three months. Company insiders own 2.40% of the stock.
Hedge Funds & Institutional Holdings:
Several hedge funds have also recently modified their holdings of ANGI. Brown Advisory Inc. raised its holdings by 1.3% in the third quarter, now owning 12,517,402 shares of ANGI stock worth $36,927,000.
Vanguard Group Inc. increased its holdings by 9.5% in the third quarter, now owning 6,428,182 shares of worth $18,964,000.
FMR LLC raised its holdings by 2.7% in the second quarter, now owning 2,603,487 shares of ANGI’s stock worth $11,924,000.
Ulysses Management LLC increased its holdings by 52.8% in the fourth quarter, now owning 2,461,677 shares of ANGI stock worth $5,785,000.
Finally, Renaissance Technologies LLC raised its holdings by 27.0% in the second quarter, now owning 2,394,796 shares of ANGI’s stock worth $10,968,000.
Hedge funds and other institutional investors now own 11.93% of ANGI stock.
Company Profile:
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.
The company was incorporated in 2017 and is headquartered in Denver, Colorado. Angi Inc. is a subsidiary of IAC/InterActiveCorp.
