Angi Inc [ANGI] attracts people because of its fundamentals

The stock of Angi Inc (NASDAQ:ANGI) last traded at $1.76, up 6.02% from the previous session.

Data from the available sources indicates that Angi Inc (NASDAQ:ANGI) is covered by 11 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $2.25, we find $4.00. Given the previous closing price of $1.66, this indicates a potential upside of 140.96 percent. ANGI stock price is now -9.62% away from the 50-day moving average and -32.56% away from the 200-day moving average. The market capitalization of the company currently stands at $891.05M.

In total, 4 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $4.16 as their price target over the next twelve months.

With the price target enhanced from $2 to $2.75, UBS Upgraded its rating from Sell to Neutral for Angi Inc (NASDAQ: ANGI).

In other news, Shanmugasundaram Kulesh, Chief Technology Officer sold 48,164 shares of the company’s stock on Feb 01. The stock was sold for $144,492 at an average price of $3.00. Upon completion of the transaction, the Chief Technology Officer now directly owns 22,416 shares in the company, valued at $39452.16. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30, Chief Technology Officer Shanmugasundaram Kulesh sold 6 shares of the business’s stock. A total of $18 was realized by selling the stock at an average price of $3.00. This leaves the insider owning 70,580 shares of the company worth $0.12 million. Insiders disposed of 326,038 shares of company stock worth roughly $0.57 million over the past 1 year. A total of 84.72% of the company’s stock is owned by insiders.

With an opening price of $1.7700 on Wednesday morning, Angi Inc (NASDAQ: ANGI) set off the trading day. During the past 12 months, Angi Inc has had a low of $1.54 and a high of $4.18. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.69, and a quick ratio of 1.69. The fifty day moving average price for ANGI is $1.9474 and a two-hundred day moving average price translates $2.6099 for the stock.

The latest earnings results from Angi Inc (NASDAQ: ANGI) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.02 by -0.01. This compares to -$0.03 EPS in the same period last year. The net profit margin was -5.91% and return on equity was -9.48% for ANGI. The company reported revenue of $371.84 million for the quarter, compared to $498.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.34 percent. For the current quarter, analysts expect ANGI to generate $376.39M in revenue.

Angi Inc(ANGI) 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 also owns and operates Leads digital marketplace service that connects consumers with professionals for home repair, maintenance, and improvement projects; offers consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as book appointments online, connect with service professionals. In addition, it operates Handy, a platform for household services; Angi Roofing, which provides roof replacement and repair services; and home services marketplaces under the Travaux, MyHammer, Werkspot, MyBuilder, and brands. The company was formerly known as ANGI Homeservices Inc. and changed its name to Angi Inc. in March 2021. The company was incorporated in 2017 and is headquartered in Denver, Colorado. Angi Inc. is a subsidiary of IAC/InterActiveCorp.

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