Perhaps timely catching Angi Inc. (ANGI) would be a good idea

Angi Inc. (NASDAQ: ANGI) stock jumped 1.06% on Friday to $2.85 against a previous-day closing price of $2.82. With 0.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $2.9150 whereas the lowest price it dropped to was $2.7800. The 52-week range on ANGI shows that it touched its highest point at $9.04 and its lowest point at $1.81 during that stretch. It currently has a 1-year price target of $5.33. Beta for the stock currently stands at 1.58.

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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 up-trending over the past week, with a rise of 1.06%, but this was up by 40.39% over a month. Three-month performance surged to 30.73% while six-month performance fell -47.42%. The stock lost -66.07% in the past year, while it has gained 21.28% 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 -0.04. This implies an EPS growth rate of -35.70% for this year and 36.80% for next year.

Float and Shares Shorts:

At present, 503.20 million ANGI shares are outstanding with a float of 78.32 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.23 million, which was 1.83% higher than short shares on Sep 14, 2022. In addition to Dr. Kulesh Shanmugasundaram as the firm’s Chief Technology Officer, Ms. Dhanusha Sivajee serves as its Chief Marketing Officer.


Institutional Ownership:

Through their ownership of 99.59% of ANGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.34% of ANGI, in contrast to 31.12% held by mutual funds. Shares owned by individuals account for 15.62%. As the largest shareholder in ANGI with 11.20% of the stake, Brown Advisory LLC holds 9,231,694 shares worth 9,231,694. A second-largest stockholder of ANGI, The Vanguard Group, Inc., holds 6,363,901 shares, controlling over 7.72% of the firm’s shares. Freshford Capital Management LLC is the third largest shareholder in ANGI, holding 2,727,878 shares or 3.31% stake. With a 3.12% stake in ANGI, the Brown Advisory Small Cap Growth F is the largest stakeholder. A total of 2,568,082 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.67% of ANGI stock, is the second-largest Mutual Fund holder. It holds 2,202,894 shares valued at 5.18 million. Vanguard Small Cap Index Fund holds 2.10% of the stake in ANGI, owning 1,731,259 shares worth 4.07 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANGI since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 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 $12.00 and a low target of $2.00, the average target price over the next 12 months is $5.17. Based on these targets, ANGI could surge 321.05% to reach the target high and fall by -29.82% to reach the target low. Reaching the average price target will result in a growth of 81.4% 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 02/13/2024. Analysts have provided yearly estimates in a range of -$0.17 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 -$0.03 EPS against a consensus estimate of -$0.04. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded ANGI stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 8,342 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 903,901 while 403,955 shares were sold.

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