Now Is A Good Time To Buy Angi Inc (NASDAQ: ANGI)

During the last session, Angi Inc (NASDAQ:ANGI)’s traded shares were 1.1 million, with the beta value of the company hitting 1.86. At the end of the trading day, the stock’s price was $1.85, reflecting an intraday gain of 1.09% or $0.02. The 52-week high for the ANGI share is $3.10, that puts it down -67.57 from that peak though still a striking 19.46% gain since the share price plummeted to a 52-week low of $1.49. The company’s market capitalization is $919.95M, and the average intraday trading volume over the past 10 days was 1.11 million shares, and the average trade volume was 1.06 million shares over the past three months.

Angi Inc (ANGI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. ANGI has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.0.

Angi Inc (NASDAQ:ANGI) trade information

Angi Inc (ANGI) registered a 1.09% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.09% in intraday trading to $1.85, hitting a weekly high. The stock’s 5-day price performance is 1.65%, and it has moved by 8.82% in 30 days. Based on these gigs, the overall price performance for the year is -19.91%. The short interest in Angi Inc (NASDAQ:ANGI) is 8.74 million shares and it means that shorts have 7.36 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.29, which implies an increase of 43.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $15 respectively. As a result, ANGI is trading at a discount of -710.81% off the target high and -8.11% off the low.

Angi Inc (ANGI) estimates and forecasts

Statistics show that Angi Inc has outperformed its competitors in share price, compared to the industry in which it operates. Angi Inc (ANGI) shares have gone down -23.55% during the last six months, with a year-to-date growth rate more than the industry average at 233.33% against 12.70. In the rating firms’ projections, revenue will decrease -13.79% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 254.21M as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 261.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 300.43M and 305.39M respectively. In this case, analysts expect current quarter sales to shrink by -15.39% and then drop by -14.32% in the coming quarter.

While earnings are projected to return 196.09% in 2025, the next five years will return 18.30% per annum.

ANGI Dividends

Angi Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Angi Inc (NASDAQ:ANGI)’s Major holders

Angi Inc insiders own 7.28% of total outstanding shares while institutional holders control 71.85%, with the float percentage being 77.49%. VANGUARD GROUP INC is the largest shareholder of the company, while 133.0 institutions own stock in it. As of 2024-06-30, the company held over 6.7 million shares (or 1.3338% of all shares), a total value of $12.87 million in shares.

The next largest institutional holding, with 6.41 million shares, is of PALE FIRE CAPITAL SE’s that is approximately 1.2757% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.31 million.

Also, the Mutual Funds coming in first place with the largest holdings of Angi Inc (ANGI) shares are Vanguard Total Stock Market Index Fund and Meridian Small Cap Growth Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.21 shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $4.08 million market value. The same data shows that the other fund manager holds slightly less at 1.95, or about 2.59% of the stock, which is worth about $3.6 million.