ANGI Price Target Dropped to $2.20
November 22, 2023
🌥️Trending News
ANGI Inc., formerly known as Angie’s List Inc., is a publicly traded American home service provider. This has caused a ripple effect throughout the market, with investors reevaluating their plans to purchase the stock. Additionally, the company’s revenue growth slowed in the fourth quarter, with sales increasing by only 2%. Given the current market conditions, Angi Inc ($NASDAQ:ANGI). may have difficulty adjusting to the new target price of $2.20. The company will need to make significant changes in order to boost their financial performance and regain investor confidence.
However, analysts remain optimistic that with time and appropriate measures, Angi Inc. can turn their fortunes around and return to profitability.
Stock Price
Monday was not a good day for ANGI Inc. stock as the price of the stock dropped to $2.20, closing at $2.1, 0.5% lower than its prior closing price of $2.1. The sudden decrease in price has caused concern amongst investors, and is prompting them to re-evaluate their investment in the company. This news has had a negative impact on the share price, and it appears that the market is showing no signs of recovery in the near term. It is yet to be seen how this price drop will affect the company’s operations going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Angi Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.58k | -88.73 | -4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Angi Inc. More…
| Operations | Investing | Financing |
| 104.51 | -56.42 | -11.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Angi Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.91k | 860.48 | 2.06 |
Key Ratios Snapshot
Some of the financial key ratios for Angi Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 68.9% | -5.0% |
| FCF Margin | ROE | ROA |
| 3.0% | -4.8% | -2.6% |
Analysis
GoodWhale recently conducted an analysis of ANGI INC‘s wellness and the results showed that the company had a high health score of 8/10. This score was given based on the company’s cashflows and debt, which indicates that ANGI INC is capable of riding out any crisis without the risk of bankruptcy. Additionally, ANGI INC is classified as an ‘elephant’, meaning that the company has a lot of assets after liabilities have been deducted off. Investors interested in ANGI INC should note that the company is strong in medium-term asset, growth, and profitability. On the other hand, it is weak in dividend, making it a good pick for investors who are looking for long-term growth prospects. With its strong financial standing and potential for growth, ANGI INC is an attractive option for those looking to invest in a reliable company. More…
Peers
Angi Inc, a publicly traded company, competes with other companies in the online marketplaces industry. Its competitors include Snap Inc, Cookpad Inc, Travelzoo, and others. Angi Inc has a market capitalization of $3.6 billion as of May 2020. The company was founded in 2006 and is headquartered in Boston, Massachusetts.
– Snap Inc ($NYSE:SNAP)
As of 2022, Snapchat has a market capitalization of 12.52 billion and a return on equity of -13.96%. The company creates and offers a messaging application that allows users to exchange photos and videos with friends and family. The app also offers a variety of filters, lenses, and other features that allow users to customize their experience. Snapchat is one of the most popular messaging apps in the world, with over 300 million active users.
– Cookpad Inc ($TSE:2193)
Cookpad Inc is a global technology company that operates a platform that enables users to share recipes and cooking tips. The company has a market cap of 20.84B as of 2022 and a ROE of -8.56%. The company’s platform is available in 18 languages and used by cooks in over 190 countries.
– Travelzoo ($NASDAQ:TZOO)
Travelzoo is a global media commerce company. It publishes deals from more than 2,000 travel and entertainment companies in over 70 countries. Travelzoo has a market capitalization of $62.34 million and a return on equity of 1,058.5%. The company’s mission is to help people travel better by providing them with the information and tools they need to make informed decisions about where to go and what to do.
Summary
ANGI Inc. is a digital home services marketplace, connecting homeowners with home improvement services. Investing analysis of ANGI Inc. shows that its stock price has decreased over the past year, with a recent recommendation that the price target be cut to $2.20. This has been attributed to the company’s weak financial performance, with quarterly revenue growth and operating margin declines. Additionally, given the competitive nature of the home services industry, ANGI Inc. faces pressure to maintain market share and pricing competitiveness. Despite these challenges, the company has recently launched several initiatives and partnerships to improve its offering, such as its collaboration with Lowe’s.
In addition, it has focused its efforts on improving customer service and engagement, as well as expanding into new global markets. Investors must weigh these potential opportunities against the challenges in order to make an informed decision on the future of ANGI Inc. stock.
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