Dernières nouvelles pour Angi (NASDAQ:ANGI) Stock

Angi

Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.

Angi Inc

AngioDynamics Inc

The Federal Trade Commission, along with the New York Attorney General, are taking action against gig economy company Handy Technologies for making a broad array of deceptive claims about how much money workers on its platform could earn.
The complaint charges that Handy, which currently does business as Angi Services, has peppered its advertisements with earnings claims that don't reflect the reality for the overwhelming majority of workers on the platform. The complaint also charges that Handy has failed to clearly disclose fees and fines that have led to millions of dollars being withheld from workers.
<a href="https://www.ftc.gov/news-events/news/press-releases/2025/01/ftc-new-york-attorney-general-take-action-against-handy-technologies-deceiving-workers-about" title="https://www.ftc.gov/news-events/news/press-releases/2025/01/ftc-new-york-attorney-general-take-action-against-handy-technologies-deceiving-workers-about">https://www.ftc.gov/news-events/news/press-releases/2025/01/ftc-new-york-attorney-general-take-action-against-handy-technologies-deceiving-workers-about</a>

News

ANGI

'FTC, New York Attorney General Take Action Against Handy Technologies for Deceiving Workers About Potential Earnings' - FTC

7 analysts have shared their evaluations of Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $2.89, with a high estimate of $6.00 and a low estimate of $1.70. A decline of 18.36% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1735912833_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Angi is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.70</td>
<td>$2.00</td>
</tr>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Justin Patterson</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$3.25</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.25</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.00</td>
<td>$3.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Angi. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Angi compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Angi's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Angi's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ANGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Angi analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Angi</h2>
Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.
<h3>Understanding the Numbers: Angi's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Angi's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -15.52%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Angi's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.85% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.33%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Angi's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.9% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Angi's debt-to-equity ratio is below the industry average. With a ratio of 0.46, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Expert Outlook: Angi Through The Eyes Of 7 Analysts

Citigroup analyst Ygal Arounian maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Neutral and lowers the price target from $2 to $1.7.

Price Target

Citigroup Maintains Neutral on Angi, Lowers Price Target to $1.7

In the last three months, 6 analysts have published ratings on Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $3.08, along with a high estimate of $6.00 and a low estimate of $2.00. This current average has decreased by 18.73% from the previous average price target of $3.79. 
<img src="https://www.benzinga.com/files/images/story/2024/1734559260_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Angi. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Justin Patterson</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$3.25</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.25</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.00</td>
<td>$3.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Angi. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Angi compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Angi's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ANGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Angi analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Angi</h2>
Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.
<h3>Breaking Down Angi's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Angi's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -15.52%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Angi's net margin is impressive, surpassing industry averages. With a net margin of 11.85%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Angi's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.33%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Angi's ROA excels beyond industry benchmarks, reaching 1.9%. This signifies efficient management of assets and strong financial health.
Debt Management: Angi's debt-to-equity ratio is below the industry average at 0.46, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

6 Analysts Have This To Say About Angi

JP Morgan analyst Doug Anmuth downgrades Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) from Overweight to Neutral.

Downgrades

JP Morgan Downgrades Angi to Neutral

JMP Securities analyst Nicholas Jones reiterates Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Market Outperform and maintains $3 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Angi, Maintains $3 Price Target

Keybanc analyst Justin Patterson maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Overweight and lowers the price target from $3 to $2.

Keybanc Maintains Overweight on Angi, Lowers Price Target to $2

In the latest quarter, 4 analysts provided ratings for Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $3.38, a high estimate of $6.00, and a low estimate of $2.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 19.33%. 
<img src="https://www.benzinga.com/files/images/story/2024/1731611045_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of Angi's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$3.25</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Nicholas Jones</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$3.00</td>
<td>$3.25</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.00</td>
<td>$3.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Angi. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Angi compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Angi's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Angi's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ANGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Angi analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Angi's Background</h2>
Angi Inc connects quality home service professionals across different categories, from repairing and remodeling to cleaning and landscaping, with consumers. The Company has three operating segments namely, Ads and Leads that generate maximum revenue, Services, and International (Europe and Canada). The company operates under multiple brands that including Angi, HomeAdvisor, and Handy. The majority of the revenue is earned from the United States.
<h3>Angi: Financial Performance Dissected</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Angi faced challenges, resulting in a decline of approximately -10.37% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Angi's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.19% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Angi's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.36% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Angi's ROA stands out, surpassing industry averages. With an impressive ROA of 0.2%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Angi's debt-to-equity ratio is below the industry average at 0.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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Forecasting The Future: 4 Analyst Projections For Angi

Goldman Sachs analyst Eric Sheridan downgrades Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) from Buy to Neutral and lowers the price target from $3.25 to $2.5.

Goldman Sachs Downgrades Angi to Neutral, Lowers Price Target to $2.5

Benchmark analyst Daniel Kurnos maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Buy and lowers the price target from $7 to $6.

Benchmark Maintains Buy on Angi, Lowers Price Target to $6

JMP Securities analyst Nicholas Jones maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Market Outperform and lowers the price target from $3.25 to $3.

JMP Securities Maintains Market Outperform on Angi, Lowers Price Target to $3

Citigroup analyst Ygal Arounian downgrades Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) from Buy to Neutral and lowers the price target from $3.25 to $2.

Citigroup Downgrades Angi to Neutral, Lowers Price Target to $2

WIIM

Angi shares are trading lower. The company reported Q3 financial results. Additionally, IAC announced it's considering spinning off its ownership stake in the company.

IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) announced in its third-quarter earnings <a href="https://ir.iac.com/quarterly-results">report </a>that it is considering a strategic move to spin off its ownership stake in Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>).
This news comes as Angi shares traded lower after-hours, following the company's third-quarter financial results. IAC's potential spin-off would make Angi a stand-alone entity, allowing it to operate independently from IAC, which has nurtured and managed the brand as part of its portfolio of digital and media businesses.
According to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro,</a> Angi reported quarterly earnings of&nbsp;$0.07&nbsp;per share. The company reported quarterly sales of&nbsp;$296.7 million,&nbsp;which beat the analyst consensus estimate of&nbsp;$296.517 million. This is a&nbsp;20.21%&nbsp;decrease over sales of&nbsp;$371.837 million&nbsp;the same period last year.
Angi, a pioneer in the home services space, connected millions of homeowners with skilled professionals since its founding in 1995. Originally a platform for finding reputable local pros, Angi has grown to become a comprehensive service for homeowners, offering tools for hiring, cost research and project inspiration. Angi's extensive network has served over 150 million users, supporting thousands of small businesses and home service professionals nationwide.
IAC's potential divestiture aligns with its history of building and spinning off successful brands, having previously launched companies such as Match Group and Vimeo.
Angi and IAC will host a conference call on Tues. Nov. 12 at 8:30 a.m. ET to discuss both companies&#8217; respective&nbsp;third-quarter&nbsp;results and to answer questions. 
Read Next: •<a href="https://www.benzinga.com/news/earnings/24/11/41889518/shopify-q3-earnings-preview-stock-hits-52-week-highs-analysts-expect-second-best-revenue-quarterly-total-in-company-history"> Shopify Q3 Earnings Preview: Stock Hits 52-Week Highs, Analysts Expect Second Best Revenue Quarterly Total In Company History</a>
This article was generated using artificial intelligence and was reviewed by Benzinga editors.
Photo: Shutterstock

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Trading Ideas

IAC Considers A Spin-Off Of Angi After Q3 Report

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.00 by Infinity percent. The company reported quarterly sales of $296.700 million which beat the analyst consensus estimate of $296.517 million by 0.06 percent. This is a 20.21 percent decrease over sales of $371.837 million the same period last year.

Earnings

Earnings Beats

Angi Q3 2024 GAAP EPS $0.07 Beats $0.00 Estimate, Sales $296.700M Beat $296.517M Estimate

IAC Announced It Is Considering A Spin-Off Of Its Ownership Stake In Angi Inc. To Its Shareholders.

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Earnings Scheduled For November 11, 2024

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) will release its quarterly earnings report on Monday, 2024-11-11. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Angi to report an earnings per share (EPS) of $0.00.
The announcement from Angi is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $0.03, leading to a 31.14% increase in the share price the following trading session.
Here's a look at Angi's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.02</td>
<td>-0.01</td>
<td>-0.02</td>
<td>-0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>0</td>
<td>0.01</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>31.0%</td>
<td>-2.0%</td>
<td>19.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731078049_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Angi were trading at $2.61 as of November 07. Over the last 52-week period, shares are up 36.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ANGI/earnings">To track all earnings releases for Angi visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Angi's Earnings Outlook

Angi Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares are trading higher Wednesday. The company announced <a href="https://www.benzinga.com/quote/ANGI">executive leadership changes</a>. 
What Happened: Angi announced a series of management changes this week including the departure of senior vice president, chief accounting officer and controller of Angi Christopher Bohnert. Bohnert will resign from his role, effective Nov. 1. He will remain with the company for some time to assist with the transition period. 
Angi also announced the appointment of Bailey Carson to COO of the company, effective immediately. Carson, who previously worked as chief customer experience officer for Angi, will oversee the company's sales, customer care and operations. 
Angi further named Glenn Orchard chief growth officer of Angi, effective immediately. Orchard will oversee the company's growth, marketing strategy and execution. He previously served as senior vice president of digital and growth at Angi.
Finally, Julie Gosal Hoarau was appointed chief accounting officer. Hoarau previously worked as vice president of accounting operations of MongoDB.
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41354865/morgan-stanley-q3-earnings-institutional-securities-sees-momentum-total-client-assets-surpass-7-5t-">Morgan Stanley Q3 Earnings: Institutional Securities Sees Momentum, Total Client Assets Surpass $7.5T Across Wealth And Investment Management</a>
Angi is due to report quarterly earnings at the beginning of November. Analysts expect the company to report breakeven earnings and revenue of $296.465 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
ANGI Price Action: <a href="http://benzinga.com/quote/angi">Angi shares</a> were up 2.78% at $2.59 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

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Angi Stock Is Moving Higher Wednesday: What's Going On?

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JPMorgan downgraded Angi Inc. (ANGI) to Neutral from Overweight without a price target Angi has taken significant steps to improve the consumer and...

Angi Inc. downgraded to Neutral from Overweight at JPMorgan

Angi (ANGI – Research Report) received a Hold rating and price target from J.P. Morgan analyst Cory Carpenter today. The company's shares closed ye...

Angi (ANGI) was downgraded to a Hold Rating at J.P. Morgan

J.P. Morgan picks out top stocks for broader internet going into 2025

Citi lowered the firm's price target on Angi Inc. (ANGI) to $1.70 from $2 and keeps a Neutral rating on the shares as part of its 2025 internet out...

Angi Inc. price target lowered to $1.70 from $2 at Citi

Angi Inc. fined $2.95M by FTC for deceptive practices

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Press Releases

IAC Earnings Release and Letter to Shareholders Available on Company's Website

IAC to Participate in the Oppenheimer 27th Annual Technology, Internet & Communications Conference

IAC to Participate in Citi's 2024 Global TMT and GEMS Conference

IAC to Participate in the Goldman Sachs Communacopia & Technology Conference

General

Get Your Home Ready for Fall with Angi

Angi Inc. to Announce Q3 2024 Earnings on November 11th and Host Earnings Conference Call on November 12th

IAC TO ANNOUNCE Q3 2024 EARNINGS ON NOVEMBER 11th AND HOST EARNINGS CONFERENCE CALL ON NOVEMBER 12th

IAC to Participate in Truist Securities Internet Growth Summit

Angi Inc. Earnings Release Available on Company's Website

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