In the last trading session, 1.53 million shares of the Angi Inc. (NASDAQ:ANGI) were traded, and its beta was 1.66. Most recently the company’s share price was $9.34, and it changed around -$0.07 or -0.74% from the last close, which brings the market valuation of the company to $4.93B. ANGI currently trades at a discount to its 52-week high of $19.17, offering almost -105.25% off that amount. The share price’s 52-week low was $9.09, which indicates that the current value has risen by an impressive 2.68% since then. We note from Angi Inc.’s average daily trading volume that its 10-day average is 1.21 million shares, with the 3-month average coming to 1.29 million.
Angi Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended ANGI as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Angi Inc. is expected to report earnings per share of -$0.07 for the current quarter.
Angi Inc. (NASDAQ:ANGI) trade information
Instantly ANGI has showed a red trend with a performance of -0.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.38 on Tuesday, 11/23/21 increased the stock’s daily price by 17.93%. The company’s shares are currently down -29.22% year-to-date, but still down -17.35% over the last five days. On the other hand, Angi Inc. (NASDAQ:ANGI) is -26.97% down in the 30-day period. We can see from the shorts that 7.78 million shares have been sold at a short interest cover period of 6.86 day(s).
Angi Inc. (ANGI) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -800.00% in revenue this quarter, and will report a decrease of -166.70% in the next quarter. The year-over-year growth rate is expected to be 13.00%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $444.4 million in revenue for the current quarter. 11 analysts expect Angi Inc. to make $406.86 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $389.91 million and $359.3 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.00%. Forecasts for the next quarter put sales growth at 13.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.70%.
Angi Inc.’s next quarterly earnings report is expected to be released around February 01 and February 07.
Angi Inc. (NASDAQ:ANGI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.30% of Angi Inc. shares, and 96.35% of them are in the hands of institutional investors. The stock currently has a share float of 100.68%. Angi Inc. stock is held by 205 institutions, with Parnassus Investments /ca being the largest institutional investor. By Jun 29, 2021, it held 13.93% of the shares, which is about 11.45 million shares worth $154.85 million.
Brown Advisory Inc., with 10.82% or 8.89 million shares worth $120.23 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Parnassus Mid-Cap Fund and Brown Advisory Fds–Brown Advisory Small Cap Growth Fd were the top two Mutual Funds as of Mar 30, 2021. The former held 9.41 million shares worth $122.31 million, making up 11.44% of all outstanding shares. On the other hand, Brown Advisory Fds–Brown Advisory Small Cap Growth Fd held roughly 2.92 million shares worth around $39.45 million, which represents about 3.55% of the total shares outstanding.