Angi Inc. (NASDAQ: ANGI) stock fell -4.50% on Friday to $2.97 against a previous-day closing price of $3.11. With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $3.1298 whereas the lowest price it dropped to was $2.9700. The 52-week range on ANGI shows that it touched its highest point at $14.92 and its lowest point at $3.05 during that stretch. It currently has a 1-year price target of $8.85. Beta for the stock currently stands at 1.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ANGI was down-trending over the past week, with a drop of -12.65%, but this was down by -30.28% over a month. Three-month performance dropped to -30.93% while six-month performance fell -51.55%. The stock lost -74.98% in the past year, while it has lost -67.75% so far this year. A look at the trailing 12-month EPS for ANGI yields -0.20 with Next year EPS estimates of -0.12. For the next quarter, that number is -0.03. This implies an EPS growth rate of -28.60% for this year and 33.30% for next year.
Float and Shares Shorts:
At present, 502.45 million ANGI shares are outstanding with a float of 77.12 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.84 million, which was 1.16% higher than short shares on Jun 14, 2022. In addition to Mr. Oisin Hanrahan as the firm’s CEO & Director, Dr. Kulesh Shanmugasundaram serves as its Chief Technology Officer.
Through their ownership of 87.43% of ANGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.02% of ANGI, in contrast to 33.96% held by mutual funds. Shares owned by individuals account for 15.83%. As the largest shareholder in ANGI with 14.67% of the stake, Brown Advisory LLC holds 11,923,222 shares worth 11,923,222. A second-largest stockholder of ANGI, HighSage Ventures LLC, holds 6,473,169 shares, controlling over 7.97% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ANGI, holding 5,807,127 shares or 7.15% stake. With a 4.50% stake in ANGI, the Brown Advisory Small Cap Growth F is the largest stakeholder. A total of 3,657,262 shares are owned by the mutual fund manager. The Parnassus Mid Cap Growth Fund, which owns about 2.82% of ANGI stock, is the second-largest Mutual Fund holder. It holds 2,293,740 shares valued at 9.31 million. Vanguard Total Stock Market Index holds 2.31% of the stake in ANGI, owning 1,879,775 shares worth 7.63 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANGI since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ANGI analysts setting a high price target of $13.00 and a low target of $5.00, the average target price over the next 12 months is $8.85. Based on these targets, ANGI could surge 337.71% to reach the target high and rise by 68.35% to reach the target low. Reaching the average price target will result in a growth of 197.98% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ANGI will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of -$0.16 being high and -$0.21 being low. For ANGI, this leads to a yearly average estimate of -$0.19. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Angi Inc. surprised analysts by $0.01 when it reported -$0.05 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.03.
Summary of Insider Activity:
Insiders traded ANGI stock several times over the past three months with 9 Buys and 7 Sells. In these transactions, 186,361 shares were bought while 84,747 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 1,318,342 while 790,835 shares were sold.