Angi Inc. (NASDAQ:ANGI) Short Interest Update
by Doug Wharley · The Cerbat GemAngi Inc. (NASDAQ:ANGI – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 6,057,677 shares, a decrease of 23.1% from the March 15th total of 7,872,732 shares. Based on an average daily trading volume, of 1,656,449 shares, the short-interest ratio is currently 3.7 days. Approximately 15.4% of the company’s stock are short sold.
Analysts Set New Price Targets
A number of equities analysts recently commented on ANGI shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective (down from $18.00) on shares of Angi in a report on Tuesday, February 17th. KeyCorp set a $11.00 target price on Angi in a research report on Thursday, February 12th. Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a research report on Monday. Truist Financial set a $17.00 target price on Angi and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Angi presently has an average rating of “Hold” and an average price target of $15.33.
View Our Latest Analysis on Angi
Angi Stock Down 4.1%
Shares of Angi stock opened at $7.28 on Thursday. The stock has a market capitalization of $291.93 million, a P/E ratio of 7.83 and a beta of 1.82. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $11.22. Angi has a 12-month low of $6.43 and a 12-month high of $19.42.
Angi (NASDAQ:ANGI – Get Free Report) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The company had revenue of $240.77 million for the quarter, compared to the consensus estimate of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) EPS. Equities analysts expect that Angi will post 0.08 earnings per share for the current year.
Angi Company Profile
Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.
Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.