Consumer services

Piper Sandler Brokers raises earnings estimates for Angi Inc. (NASDAQ:ANGI)

Angi Inc. (NASDAQ:ANGI) – Investment analysts Piper Sandler raised their second-quarter 2022 earnings estimates for Angi in a report released Wednesday, February 16. Piper Sandler analyst T. Champion now expects the technology company to post earnings of ($0.05) per share for the quarter, up from its previous estimate of ($0.07). Piper Sandler has a “Neutral” rating and a price target of $8.00 on the stock. Piper Sandler also released estimates for Angi Q3 2022 earnings at ($0.04) EPS, Q4 2022 earnings at ($0.03) EPS, FY2022 earnings at ($0.04) EPS, $20) EPS, Q1 2023 earnings at ($0.05) EPS, Q2 2023 earnings at ($0.02) EPS, FY2023 earnings at ($0.07) EPS, earnings at fiscal year 2024 at $0.06 EPS, profit for fiscal year 2025 at $0.19 EPS and profit for fiscal year 2026 at $0.33 EPS.

Several other stock analysts have also recently weighed in on the stock. KeyCorp cut its price target on Angi shares from $18.00 to $16.00 and set an “overweight” rating on the stock in a Thursday, Nov. 4, report. Zacks Investment Research downgraded Angi’s shares from a “hold” rating to a “sell” rating in a Wednesday, Jan. 12 research note. The benchmark lowered its price target on Angi shares from $18.00 to $15.00 in a research note on Thursday. Royal Bank of Canada lowered its price target on Angi shares from $12.00 to $7.00 in a research note on Thursday. Finally, Credit Suisse Group cut its price target on Angi from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst rated the security with a sell rating, two assigned a hold rating and six assigned a buy rating. According to MarketBeat.com, the stock has a consensus buy quote and a consensus price target of $13.33.

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Angi shares opened at $6.62 on Monday. The company has a market capitalization of $3.33 billion, a P/E ratio of -47.28 and a beta of 1.69. The company has a quick ratio of 2.15, a current ratio of 2.11 and a leverage ratio of 0.43. The company has a 50-day moving average price of $8.53 and a 200-day moving average price of $10.25. Angi has a 52-week low of $6.28 and a 52-week high of $17.75. Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, February 14. The technology company reported ($0.05) earnings per share for the quarter, beating the Zacks consensus estimate of ($0.06) by $0.01. Angi had a negative net margin of 4.24% and a negative return on equity of 6.00%. During the same period last year, the company made ($0.03) earnings per share.

In other Angi news, Bowman Director Angela R. Hicks sold 10,000 shares of the company in a trade on Tuesday, February 15. The stock was sold at an average price of $8.66, for a total value of $86,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Insiders have sold 30,000 shares of the company worth $262,100 in the past three months. 17.40% of the shares are held by insiders.

Institutional investors have recently increased or reduced their stake in the company. ETF Managers Group LLC acquired a new stake in Angi stock in the fourth quarter worth approximately $68,000. Ensign Peak Advisors Inc acquired a new position in Angi stock in Q4 worth approximately $76,000. Envestnet Asset Management Inc. acquired a new position in Angi stock in Q4 worth approximately $94,000. Teacher Retirement System of Texas increased its position in Angi shares by 27.1% in the fourth quarter. Teacher Retirement System of Texas now owns 13,619 shares of the technology company worth $125,000 after acquiring 2,906 additional shares in the last quarter. Finally, Fosun International Ltd acquired a new position in Angi shares in Q4 worth approximately $130,000. Institutional investors hold 13.74% of the company’s shares.

About Angi

Angi, Inc is a holding company that provides a digital marketplace for home services. It operates through North America and Europe segments. It offers consumer and professional services. The North America segment includes HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair businesses.

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Earnings History and Estimates for Angi (NASDAQ:ANGI)

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