Angi (NASDAQ: ANGI) Price target reduced to $ 13.00
Angi (NASDAQ: ANGI) saw its target price cut by Piper Sandler investment analysts from $ 15.00 to $ 13.00 in a research note released Friday, The Fly reports. The brokerage currently has a “neutral” rating on the shares of the tech company. Piper Sandler’s price target points to a potential rise of 15.66% from the company’s current price.
Several other brokerages have also published reports on ANGI. Truist lowered his price target on Angi from $ 16.00 to $ 14.00 and set a “buy” rating on the stock in a report released Friday. Oppenheimer lowered his price target on Angi from $ 17.00 to $ 15.00 and set an “outperform” rating on the stock in a report released Friday. Truist Securities lowered its price target on Angi from $ 16.00 to $ 14.00 and set a “buy” rating on the stock in a report released Friday. Royal Bank of Canada lowered its price target on Angi from $ 15.00 to $ 14.00 and set a “sector performance” rating on the stock in a report released Friday. Finally, Zacks Investment Research downgraded Angi from a “hold” rating to a “sell” rating in a report released Thursday. One analyst assigned a sell rating to the stock, three assigned a conservation rating, and nine assigned a buy rating to the stock. The company currently has an average “Buy” rating and a consensus target price of $ 15.54.
Angi stock traded down $ 0.52 at midday on Friday, reaching $ 11.24. The company’s shares had a trading volume of 49,820 shares, compared to its average volume of 1,796,796. The company has a market capitalization of $ 5.67 billion, a price / earnings ratio of -1,124. 00 and a beta of 1.92. Angi has a one-year low at $ 9.28 and a one-year high at $ 19.17. The company has a rapid ratio of 3.67, a current ratio of 3.67 and a debt ratio of 0.57. The company has a fifty-day moving average price of $ 12.98.
Angi (NASDAQ: ANGI) last reported its quarterly results on Wednesday August 4. The tech company reported ($ 0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($ 0.03) from ($ 0.03). The company posted revenue of $ 420.99 million in the quarter, compared to analysts’ estimates of $ 423.45 million. Angi had a net margin of 0.30% and a return on equity of 0.36%. The company’s revenue grew 12.2% year-over-year. In the same quarter of the previous year, the company posted earnings per share of $ 0.02. As a group, analysts expect Angi to post earnings per share of -0.1 for the current fiscal year.
In other news, Bowman director Angela R. Hicks sold 10,000 shares of Angi in a trade that took place on Tuesday, June 15. The shares were sold at an average price of $ 14.08, for a total trade of $ 140,800.00. Following the completion of the sale, the Director now directly owns 271,773 shares of the company, valued at approximately $ 3,826,563.84. The transaction was disclosed in a legal file with the SEC, which is available through this hyperlink. 17.40% of the shares are held by insiders of the company.
Several hedge funds have recently bought and sold shares in the company. Buckhead Capital Management LLC increased its position in Angi shares by 8.6% during the 2nd quarter. Buckhead Capital Management LLC now owns 57,680 shares of the technology company valued at $ 780,000 after acquiring an additional 4,575 shares during the period. General American Investors Co. Inc. increased its position in Angi shares by 228.3% during the 2nd quarter. General American Investors Co. Inc. now owns 335,059 shares of the technology company valued at $ 4,530,000 after acquiring 233,003 additional shares during the period. Boyar Asset Management Inc. increased its position in Angi shares by 5.1% during the 2nd quarter. Boyar Asset Management Inc. now owns 114,740 shares of the technology company valued at $ 1,551,000 after purchasing an additional 5,595 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Angi shares by 292.6% in the second quarter. Advisor Group Holdings Inc. now owns 11,744 shares of the tech company valued at $ 159,000 after purchasing an additional 8,753 shares in the last quarter. Finally, Alliancebernstein LP acquired a new position in Angi shares during the second quarter valued at approximately $ 2,385,000. Institutional investors hold 13.49% of the company’s shares.
Angi Inc offers home service professionals in the United States and abroad. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance and improvement projects; provides consumers with tools and resources to find local, customer-screened and rated service professionals, as well as online appointment booking offers; and connects consumers with telephone service professionals and offers several resources related to home services.
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