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 world&#39;s largest retailer, company, and employer, Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), continues to defy gravity as its stock keeps floating higher, rising 54% year-to-date (YTD). Even after the 3 for 1 stock split on Feb. 26, 2024, shares climbed an additional 52%. The company demonstrates the power of scale as the nation&#39;s largest importer of goods. Walmart is also making headway in China as it gains market share against its incumbent retail leaders. While firing on all cylinders, Walmart continues to grow, indicating more upside.
Walmart operates in the retail/wholesale sector, competing with retailers like Target Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>), Costco Wholesale Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) and Amazon.com Inc.
<h2>Defying Gravity As the U.S. Dollar Spikes </h2>
In a high interest rate environment, the U.S. dollar tends to stay strong, which hurts companies selling goods and services overseas, as reflected in their earnings reports as FX or currency headwinds. Falling interest rates tend to weaken the dollar, enabling other currencies to have more purchasing power for U.S. goods and services. However, since the&nbsp;Fed&#39;s 50 bps&nbsp;interest rate cut, the U.S. dollar index has recovered from a low of $99.866 to surge up to $102.223.
As the nation&#39;s largest importer of goods, Walmart is one of the major companies that has benefited from a strong U.S. dollar. For Walmart, a rising dollar counts as a currency tailwind. Its buying power grows, enabling it to buy more goods overseas for less money (in U.S. dollars). The jump in the U.S. dollar index has pushed Walmart shares back up near its all-time high. The spike in the U.S. dollar is a net positive for Walmart&#39;s gross margins.
<h2>Challenging the Incumbents in China </h2>
Walmart grew sales in China by 17.7% YoY in its second quarter of 2024. Its Sam&#39;s Club warehouse business saw membership income rise by 26% YoY. Nearly 50% of Walmart&#39;s sales in China come from its e-commerce and digital sales channels. While Walmart is an American company, it&#39;s been successful in locally sourced goods. Its success has been so solid that it&#39;s doubling down focus on its China operations as indicated by dumping its investment in JD.com Inc., selling its 144.5 million share stake for around $3.7 billion on Aug. 21, 2024, which it&#39;s held since 2016. It sold shares for an average of $24.95, a little over a month before JD.com shares nearly doubled in anticipation of China&#39;s stimulus package.
<h2>Taking a Page From Amazon Prime Membership Services </h2>
Taking a page out of Amazon Prime membership services, Walmart has been growing its Walmart+ membership program. For $12.95 per month or $98 per year, Walmart+ members get free shipping with no minimum orders (like Prime), which includes free grocery delivery. Members get free Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) Paramount+ streaming services with ads and up to 10 cents per gallon discount on gas at Walmart, Sam&#39;s Club, Murphy&#39;s, and Exxon Mobil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>).
Walmart+ members get early access to promotions like Black Friday deals, travel benefits, cash-back rewards, and member price discounts on groceries and prescriptions. Members can now get dining benefits at Burger King, owned by Restaurant Brands International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qsr#NYSE">QSR</a>), like 25% off digital orders and a free Whopper every quarter with any purchase. It also has additional discounts and promotions with companies from Peloton Interactive Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) to NOOM and a 30% discount on home projects at Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>).
<h2>Walmart Grew Comp Sales 4.2% in Its Second-Quarter of 2024</h2>
In its Q2 2024 earnings report, Walmart reported earnings of 67 cents per share, beating consensus analyst estimates by 2 cents. Revenues rose 4.7% YoY to $169.3 billion versus $168.56 billion consensus estimates. Walmart&#39;s U.S. comp sales rose an impressive 4.2% YoY. Global advertising grew 26% YoY, including 30% growth for Walmart Connect. Consolidated gross margins rose 43 bps. Walmart+ membership income grew 23% YoY, and Walmart+ memberships rose by double-digits.
Its e-commerce sales rose 22% YoY, driven by store-fulfilled pickup and delivery. Global inventories fell 2% YoY and 2.9% for U.S. Walmart inventory with health in-stock levels. Market shares grew in general merchandise, while transaction counts and unit volume rose across all markets. Grocery sales are strong, and there is no evidence of consumer weakness.
<h2>Walmart Raises Full-Year Guidance&nbsp; </h2>
The company expects Q3 2024 EPS between 51 and 52 cents versus 55 cents consensus estimates. Revenues are expected between $166.03 billion and $167.05 billion versus $167.05 billion. Full-year 2024 EPS was raised to $2.35 to $2.43, up from $2.23 to $2.37, versus $2.44 consensus estimates. Full-year 2024 revenue is expected to be between $672.43 billion and $678.91 billion versus the consensus estimates of $676.53 billion.
Walmart CEO Doug McMillan commented, &quot;Our e-commerce progress creates more optionality for our customers and fuels the growth of our newer businesses. Globally, membership income grew 23%. Walmart Plus memberships were up double-digits. And Sam&#39;s Club U.S. achieved a record-high member count. Globally, advertising grew 26%, including 30% growth for Walmart Connect in the U.S. Advertising sales driven by marketplace sellers were up nearly 50%.&quot;
<h2>WMT Stock Forms an Ascending Triangle Pattern </h2>
An ascending triangle pattern is comprised of a flat-top upper trendline resistance conversing with an ascending lower trendline meeting at the apex point. A breakout forms when the stock rises through the upper trendline, and a breakdown forms if the stock collapses through the lower trendline.
<img alt="Walmart WMT stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006193318_charta-wmt.jpg" style="height:750px; width:915px" />
WMT gapped to $72.78 on its strong earning report and rose to a flat top resistance at $81.53. The ascending lower trendline formed at $77.89 and has continued to increase due to higher lows on pullbacks. The daily anchored VWAP support is at $78.06.The daily RSI has been choppy sideways at the 63-band. Fibonacci (Fib) pullback support levels are at $79.12, $74.75, $71.29, and $68.57.
Walmart&#39;s average consensus price target is $81.62, and its highest analyst price target sits at $98.00. It has 29 analysts&#39; Buy ratings and one Hold rating. The stock trades at 33.17x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy WMT at the fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.03% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/walmart-retail-juggernaut-has-more-room-to-grow-for-investors/">Walmart: Retail Juggernaut Has More Room to Grow for Investors </a>&quot; first appeared on MarketBeat.

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Walmart: Retail Juggernaut Has More Room to Grow for Investors

Momentum investors typically don&#39;t time the market or &quot;buy low and sell high.&quot; In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that &quot;buying high and selling higher&quot; is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn&#39;t easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
Angi (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 16% over the past four weeks positions the stock of this provider of a digital marketplace for home services well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ANGI meets this criterion too, as the stock gained 4.5% over the past 12 weeks.
Moreover, the momentum for ANGI is fast paced, as the stock currently has a beta of 2. This indicates that the stock moves 100% higher than the market in either direction.
Given this price performance, it is no surprise that ANGI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ANGI earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, ANGI is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ANGI is currently trading at 0.90 times its sales. In other words, investors need to pay only 90 cents for each dollar of sales.
So, ANGI appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2321137/angi-angi-shows-fast-paced-momentum-but-is-still-a-bargain-stock?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2321137">To read this article on Zacks.com click here.</a>

Angi Shows Fast-Paced Momentum But Is Still a Bargain Stock

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Wednesday.
Shares of Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40220998/shopifys-q2-earnings-revenue-and-eps-beat-gross-merchandise-volume-up-22-strong-q3-outlook-and-more">second-quarter EPS results.</a>
Shopify clocked fiscal second-quarter 2024 revenue growth of 21% year-over-year to $2.05 billion, which beat the analyst consensus estimate of $2.01 billion. Revenue grew by 25% Y/Y after adjusting for the sale of its logistics businesses. The e-commerce platform company reported adjusted EPS of 26 cents, which beat analyst consensus estimate of 20 cents
Shopify shares jumped 24.6% to $67.59 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>PetIQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETQ#NASDAQ">PETQ</a>) shares surged 48% to $30.44 after the company reported better-than-expected second-quarter adjusted earnings results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 35.4% to $32.38 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) climbed 34% to $4.19 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 33% to $6.65 after the company reported better-than-expected quarterly revenue results. Goldman Sachs upgraded the stock from Sell to Neutral and raised its price target from $1 to $4.</li>
<li>Veracyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>) rose 32.4% to $28.90 after the company reported better-than-expected quarterly financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $27-$31.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) jumped 27.8% to $7.17 after the company reported better-than-expected quarterly financial results.</li>
<li>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) gained 27.7% to $2.5250 after the company reported better-than-expected quarterly financial results.</li>
<li>Inspire Medical Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INSP#NYSE">INSP</a>) rose 25.6% to $184.81 after the company reported better-than-expected quarterly sales results and raised its FY24 guidance. Also, the company announced it authorized a $150 million share repurchase program.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) rose 23.5% to $68.93 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) gained 21.3% to $358.06 after the company reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) rose 18.3% to $210.40 after the company reported better-than-expected fourth-quarter financial results and issued strong guidance.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 16.1% to $19.15 after the company reported better-than-expected quarterly financial results and announced a partnership with Tesla to support Texas&#8217;s power grid.</li>
<li>Dynatrace, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DT#NYSE">DT</a>) rose 15.3% to $46.69 following a Q1 earnings beat.</li>
<li>Champion Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) gained 14.2% to $84.99 after the company reported better-than-expected quarterly financial results.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 14% to $18.74 after the company reported better-than-expected first-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) gained 13.7% to $37.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) rose 11% to $129.15 after the company reported better-than-expected quarterly sales results.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) gained 9.4% to $101.74 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 6.9% to $238.66.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) gained 5.7% to $121.38.</li>
</ul>
Now Read This:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40221528/these-analysts-cut-their-forecasts-on-jack-in-the-box-after-q3-results"> These Analysts Cut Their Forecasts On Jack In The Box After Q3 Results</a></li>
</ul>

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Shopify Posts Upbeat Earnings, Joins Axon Enterprise, Aspen Technology, Illumina, Global Payments And Other Big Stocks Moving Higher On Wednesday

WIIM

Angi shares are trading higher after the company reported better-than-expected Q2 financial results.

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.03) by 133.33 percent. The company reported quarterly sales of $315.132 million which beat the analyst consensus estimate of $304.112 million by 3.62 percent. This is a 10.37 percent decrease over sales of $351.587 million the same period last year.

Angi Q2 2024 GAAP EPS $0.01 Beats $(0.03) Estimate, Sales $315.132M Beat $304.112M Estimate

Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares are trading higher today. JMP Securities analyst Nicholas Jones initiated coverage at Market Outperform and <a target="_blank" href="https://www.benzinga.com/quote/angi/analyst-ratings" rel="noreferrer noopener">a price target of $3.25</a>.
The analyst states that ANGI maintains a leading position in home maintenance, repair, and renovation.
They expect the company to resume growing its market share beginning in 2025, leveraging improved monetization efforts as service requests increase.
Jones writes that they see significant long-term trends favoring the company, including aging homes and affordability considerations motivating homeowners to renovate rather than relocate.
However, ANGI is also in the initial phases of expanding internationally. In 2023, it achieved approximately $116 million in international revenue, constituting 8.5% of its total revenue, with nearly 70% of web traffic originating from the U.S., says the analyst.
By 2026, Jones project that ANGI&#8217;s international segment will account for 11.5% of its total revenue, with ample potential for further expansion in the subsequent years.
Investors can gain exposure to the stock via Global X Millennial Consumer ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MILN#NASDAQ">MILN</a>) and Global X E-Commerce ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBIZ#NASDAQ">EBIZ</a>).
Price Action: ANGI shares are up 6.4% at $1.99 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Unsplash/ Jed Owen

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Angi Set to Soar: Analyst Sees Market Share Growth and International Expansion Fueling Future Success

JMP Securities analyst Nicholas Jones initiates coverage on Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Market Outperform rating and announces Price Target of $3.25.

JMP Securities Initiates Coverage On Angi with Market Outperform Rating, Announces Price Target of $3.25

Citigroup analyst Peter Saleh 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 $4 to $3.25.

Citigroup Maintains Buy on Angi, Lowers Price Target to $3.25

Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) reported quarterly sales of $305.390 million which beat the analyst consensus estimate of $297.551 million by 2.63 percent. This is a 22.18 percent decrease over sales of $392.407 million the same period last year.

Angi Q1 Sales $305.390M Beat $297.551M Estimate

<a href="https://www.globenewswire.com/Tracker?data=PScOoslpVPe2hr7sNnNhgb_97rwCpOR0fzEYY7cE70k_nzU417hobwWDhGvmCFBzGB2c583RmnlU7aQgyttXWw==">Angi</a>, a leading and comprehensive solution for improving and maintaining homes, today launched several new initiatives in advance of May 7th's National Signing Day–a day to acknowledge and celebrate students who pursue an undergraduate or graduate trade school training program. Launched today, the Angi Trade Up Scholarship Program will provide scholarships for students in construction-related programs at trade schools nationwide. Angi also announced an expanded partnership with trades jobs platform BlueRecruit, kicking off on May 7th with a first-of-its-kind digital career fair. The first annual Angi Trade Up Digital Career Fair will connect job seekers on the BlueRecruit platform with the nearly 200,000 home service pros in the Angi network. &nbsp;
Nearly a quarter of tradespeople are approaching retirement age according to the US Bureau of Labor Statistics–a growing concern as fewer young people enter the skilled trade industries. Angi's new efforts are designed to recognize and promote skilled trades careers and help foster connections between job candidates and home service professionals looking to grow their business.
"Every home in America needs a team of skilled tradespeople to care for it. Unfortunately, there are not enough people entering the trades despite the fact that the careers have extremely high job satisfaction and are well paid. Angi is committed to changing the conversation around careers in the trades," said Angie Hicks, Co-Founder of Angi.
The new Angi Trade Up Scholarship Program will award $2,500 scholarships to four students who have been accepted to, or are enrolled in an undergraduate or graduate construction-related trade program at any trade school, college or university. Scholarship winners will be chosen by Angi's Pro Council–a council of home service professionals made up of pros in the Angi network who represent businesses with hundreds of collective years of experience servicing Americans' homes.
Also announced today, Angi is expanding its partnership with BlueRecruit, a direct-hire marketplace for skilled trade workers and the companies seeking their talent. Beginning on May 7th, BlueRecruit will open its platform to Angi's network of pros at no cost to create a first-of-its-kind digital career fair: BlueRecruit's network of roughly 55,000 job seekers will have the opportunity to connect 1:1 with Angi's network of pros who are prepared to match and hire during the Angi Trade Up Digital Career Fair.
Continued Ms. Hicks, "We want to highlight the compelling opportunities in the trades and make sure that students who want to pursue this profession have the support and tools to do so. But we're excited to take things one step further. Our expanded partnership with the BlueRecruit platform will connect interested students and job candidates directly with pros to learn more about their career paths as well as specific job opportunities. We're excited to do our part to accelerate hiring in these critical industries."
"As North America's leading skilled trades training and employment placement company, we're honored to work alongside incredible organizations like Angi that strive every day to bring awareness to the importance of the skilled trades and the men and women building tomorrow," said Rich Camacho, CEO of BlueRecruit. "With our digital career fair on May 7th, we'll be able to help support connections between the incredible new wave of top talent available on BlueRecruit with the nation's top quality home service companies that use Angi everyday to provide homeowners with exceptional service and craftsmanship."
Both job seekers and current trade workers looking to hire can find a variety of new online resources as part of Angi's Trade Up PSA campaign aimed at de-stigmatizing and bringing awareness to benefits of a career in the trades:
<ul>
<li>Angi Trade Up Webinar: On May 7th, Angi, BlueRecruit, and program leaders from leading vocational and college programs will hold an educational webinar for Angi's network of pros to support their hiring efforts when engaging with the BlueRecruit network</li>
<li>Trade Up with Angi Podcast: An industry deep dive podcast hosted by co-founder Angie Hicks, tackling everything you need to know about the trade industry with pros in the Angi network</li>
<li>Trade Up Tuesdays: A weekly series on Instagram and TikTok spotlighting pros in the Angi network, their unique experiences, and the benefits of being a skilled trade professional &nbsp;</li>
</ul>
Learn more about how Angi is supporting the trades <a href="https://www.globenewswire.com/Tracker?data=wvZs-ga-dOWG3fxEMbNRixmJI8GVBfxMMmxI8zFGKrEUIXAQxgGBru63HSy12vC4ySgyGB82w7TWLwNfOyW90Q==">here</a>. More information about the scholarships can be found <a href="https://www.globenewswire.com/Tracker?data=wvZs-ga-dOWG3fxEMbNRi8UsA8qTxKyzy2cdtOeBHEvGjMjhaEukXx7hel_y5pfEmbEvsfHxBcoSD8McxI4Gw_56F8h4ZwDvPdhZRE29bMCSmn4YXY7kM5J_e7uwYXDf">here</a>.

This National Signing Day, Angi Aims To Boost Hiring In The Trades; Also Announces Angi Is Expanding Its Partnership With BlueRecruit, A Direct-Hire Marketplace For Skilled Trade Workers And The Companies Seeking Their Talent

<h3>Gainers</h3>
<ul>
<li>EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) stock increased by 14.4% to $24.43 during Monday's after-market session. The market value of their outstanding shares is at $848.3 million. The company's, Q1 earnings came out today. </li>
<li>Vimeo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>) shares moved upwards by 5.26% to $4.0. The market value of their outstanding shares is at $675.2 million. As per the news, the Q1 earnings report came out today. </li>
<li>Innovid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTV#NYSE">CTV</a>) shares rose 4.88% to $2.36. The market value of their outstanding shares is at $340.4 million. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) stock increased by 4.7% to $2.67. The company's market cap stands at $1.3 billion. </li>
<li>Gaia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAIA#NASDAQ">GAIA</a>) stock increased by 4.26% to $3.67. The market value of their outstanding shares is at $85.2 million. As per the news, the Q1 earnings report came out today. </li>
<li>PSQ Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSQH#NYSE">PSQH</a>) stock rose 3.92% to $4.24. The market value of their outstanding shares is at $133.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>) stock fell 10.9% to $4.3 during Monday's after-market session. The company's market cap stands at $417.3 million. The company's, Q1 earnings came out today. </li>
<li>NFT (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MI#AMEX">MI</a>) stock decreased by 5.19% to $8.23. The market value of their outstanding shares is at $25.4 million. </li>
<li>Grindr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) stock declined by 4.98% to $9.94. The company's market cap stands at $1.7 billion. </li>
<li>Taboola.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) stock decreased by 4.86% to $4.31. The market value of their outstanding shares is at $1.2 billion. </li>
<li>iClick Interactive Asia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) stock declined by 4.17% to $1.15. The company's market cap stands at $11.3 million. </li>
<li>LQR House (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>) shares decreased by 3.85% to $1.0. The company's market cap stands at $4.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Monday's After-Market Session

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 $4 to $3.

Keybanc Maintains Overweight on Angi, Lowers Price Target to $3

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>)</h3>
<ul>
<li>Angi will post its first quarter results after the close of market trading on Tuesday, May 7, 2024. The company&rsquo;s stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/ANGI"> 52-week low of $1.55 </a>.</li>
<li>RSI Value: 28.70</li>
<li>ANGI Price Action: Shares of Angi fell 2.9% to close at $2.01 on Tuesday.</li>
</ul>
<h3>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>)</h3>
<ul>
<li>On March 26, Direct Digital reported worse-than-expected fourth-quarter financial results. &ldquo;2023 was another transformational year for Direct Digital Holdings, achieving remarkable year-over-year revenue growth of 76% as well as dramatic operational expansion, and impressive results for our shareholders,&rdquo; commented Mark D. Walker, CEO of Direct Digital. The company&rsquo;s stock fell around 73% over the past month. It <a href="https://www.benzinga.com/quote/DRCT"> has a 52-week low </a> of $1.96.</li>
<li>RSI Value: 29.74</li>
<li>DRCT Price Action: Shares of Direct Digital fell 6.9% to close at $7.73 on Tuesday.</li>
</ul>
<h3>AT&amp;T Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>)</h3>
<ul>
<li>On March 31, AT&amp;T said personal data from 73 million current and former customers account holders was leaked. The company&rsquo;s stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/T"> low of $13.43.</a></li>
<li>RSI Value: 28.46</li>
<li>T Price Action: Shares of AT&amp;T fell 0.9% to close at $16.09 on Tuesday.</li>
</ul>
<h3>Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>)</h3>
<ul>
<li>Electronic Arts is expected to release its financial results for the fiscal quarter and year ended March 31, 2024 after the close of market on Tuesday, May 7, 2024. The company&rsquo;s shares lost around 4% over the past month. The company&rsquo;s 52-week low is $117.47.</li>
<li>RSI Value: 28.21</li>
<li>EA Price Action: Shares of Electronic Arts fell 0.4% to close at $126.55 on Tuesday.</li>
</ul>
<h3>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>)</h3>
<ul>
<li>On March 22, GD Culture Group announced a registered direct offering. The company&rsquo;s shares fell around 53% over the past month. The company <a href="https://www.benzinga.com/quote/GDC"> has a 52-week low </a> of $0.5850.</li>
<li>RSI Value: 19.60</li>
<li>GDC Price Action: Shares of GD Culture Group gained 7.7% to close at $0.6699 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38284995/investor-optimism-decreases-dow-ends-6-session-losing-streak"> Investor Optimism Decreases; Dow Ends 6-Session Losing Streak </a>

Long Ideas

Pre-Market Outlook

DRCT

Top 5 Tech And Telecom Stocks That May Rocket Higher This Month

With U.S. stock futures trading slightly higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Neogen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neog#NASDAQ">NEOG</a>) to report quarterly earnings at 14 cents per share on revenue of $230.01 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Neogen shares gained 0.2% to close at $14.38 on Monday.
Maxeon Solar Technologies, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maxn#NASDAQ">MAXN</a>) said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million. Maxeon Solar shares fell 6.6% to $2.55 in the after-hours trading session.
Analysts are expecting PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) to post quarterly earnings at $1.25 per share on revenue of $1.28 billion. The company will release earnings after the markets close. PriceSmart shares gained 0.5% to $83.98 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) named Jeff Kip as CEO, succeeding Joey Levin. &ldquo;Through multiple roles, Jeff Kip has been a student of the Angi business, first as CFO of IAC, then serving as CEO of Angi&rsquo;s International business for nearly eight years and most recently as President of Angi,&rdquo; said Joey Levin, CEO of IAC and Chairman of Angi. &ldquo;During his tenure with Angi, he engineered the integration of multiple different product and technology platforms across six countries, driving the International business to healthy growth with expanding margins - an inspiring blueprint for Angi&rsquo;s future.&rdquo; Angi shares gained 0.4% to $2.31 in the after-hours trading session.
Analysts expect SMART Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>) to post quarterly earnings at 25 cents per share on revenue of $283.79 million after the closing bell. SMART Global shares fell 0.5% to $25.72 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38147653/top-2-real-estate-stocks-that-could-blast-off-this-month"> Top 2 Real Estate Stocks That Could Blast Off This Month </a>

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

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Neogen, Maxeon Solar Technologies And 3 Stocks To Watch Heading Into Tuesday

As CEO, Mr. Kip will lead Angi&#39;s executive team, overseeing strategy and daily management of the company. Levin, CEO of IAC, will continue as Chairman of the Angi Board of Directors. All changes are effective immediately.

Management

Angi Appoints Jeff Kip As CEO, Succeeding Joey Levin

<h3>Gainers</h3>
<ul>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares moved upwards by 5.0% to $0.17 during Wednesday's after-market session. The company's market cap stands at $5.3 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) stock rose 4.32% to $1.69. The market value of their outstanding shares is at $20.4 million. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares rose 4.24% to $2.7. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares increased by 2.97% to $3.12. The market value of their outstanding shares is at $6.7 million. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) stock rose 2.47% to $0.16. The company's market cap stands at $5.1 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock rose 2.4% to $1.7. The company's market cap stands at $7.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock decreased by 7.1% to $0.3 during Wednesday's after-market session. The company's market cap stands at $15.6 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock decreased by 5.5% to $0.86. The company's market cap stands at $24.5 million. </li>
<li>Ucloudlink Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCL#NASDAQ">UCL</a>) shares fell 4.97% to $1.53. The market value of their outstanding shares is at $56.5 million. </li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) stock declined by 4.32% to $9.09. The company's market cap stands at $2.2 billion. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares fell 4.12% to $0.43. The market value of their outstanding shares is at $1.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares fell 4.06% to $0.71. The market value of their outstanding shares is at $9.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Wednesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Cardlytics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) stock moved upwards by 48.3% to $12.14 during Friday's pre-market session. The company's market cap stands at $476.5 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) shares rose 8.1% to $1.2. The company's market cap stands at $19.4 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares moved upwards by 7.78% to $1.8. The company's market cap stands at $2.9 million. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) stock moved upwards by 7.14% to $2.7. The company's market cap stands at $1.3 billion. </li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAP#NASDAQ">PARAP</a>) shares rose 6.91% to $14.07. </li>
<li>Getty Images Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) stock moved upwards by 6.79% to $5.5. The market value of their outstanding shares is at $2.2 billion. As per the news, the Q4 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marchex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHX#NASDAQ">MCHX</a>) shares fell 11.5% to $1.15 during Friday's pre-market session. The market value of their outstanding shares is at $49.8 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) shares decreased by 9.64% to $2.25. The market value of their outstanding shares is at $74.8 million. </li>
<li>Gaxos.AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) shares fell 8.38% to $7.88. The market value of their outstanding shares is at $7.7 million. </li>
<li>Cheer Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHR#NASDAQ">CHR</a>) shares fell 7.0% to $2.79. The company's market cap stands at $28.0 million. The company's, FY earnings came out yesterday. </li>
<li>Baosheng Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) stock declined by 5.61% to $3.34. The market value of their outstanding shares is at $5.1 million. </li>
<li>Grom Social Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROM#NASDAQ">GROM</a>) stock decreased by 5.49% to $0.93. The company's market cap stands at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's Pre-Market Session

As of Feb. 22, 2024, three stocks in the tech and telecom sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>MediaAlpha, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/max#NYSE">MAX</a>)</h3>
<ul>
<li>On Feb. 20, MediaAlpha reported better-than-expected fourth-quarter financial results. &ldquo;Our fourth quarter results exceeded expectations, driven primarily by improving conditions in our Property &amp; Casualty (P&amp;C) insurance vertical,&rdquo; said MediaAlpha co-founder and CEO Steve Yi. &ldquo;While our P&amp;C vertical has been challenged by difficult market conditions for the past several years, we are seeing the market turn and expect first quarter Transaction Value to nearly double sequentially. We believe our growth will accelerate as more auto insurance carriers restore profitability and increase their marketing investments, driving strong results for MediaAlpha this year and beyond.&rdquo; The company&rsquo;s stock gained around 35% over the past five days and has a <a href="https://www.benzinga.com/quote/MAX">52-week high of $20.01 </a>.</li>
<li>RSI Value: 85.11</li>
<li>MAX Price Action: Shares of MediaAlpha gained 24.8% to close at $19.71 on Wednesday.</li>
</ul>
<h3>IAC Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>)</h3>
<ul>
<li>On Feb. 13, IAC posted a profit for its fourth quarter. The company&rsquo;s stock gained around 11% over the past month and <a href="https://www.benzinga.com/quote/IAC"> has a 52-week high </a> of $69.85.</li>
<li>RSI Value: 71.23</li>
<li>IAC Price Action: Shares of IAC rose 0.1% to close at $57.25 on Wednesday.</li>
</ul>
<h3>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>)</h3>
<ul>
<li>On Feb. 13, Angi reported better-than-expected fourth-quarter EPS results.. The company&rsquo;s stock gained around 20% over the past five days and has a <a href="https://www.benzinga.com/quote/ANGI"> 52-week high </a> of $4.18.</li>
<li>RSI Value: 75.32</li>
<li>ANGI Price Action: Shares of Angi gained 0.7% to close at $3.00 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37253951/nvidia-keurig-dr-pepper-and-3-stocks-to-watch-heading-into-thursday"> NVIDIA, Keurig Dr Pepper And 3 Stocks To Watch Heading Into Thursday </a>

Short Ideas

Top 3 Tech And Telecom Stocks You May Want To Dump In February

During the last three months, 4 analysts shared their evaluations of Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $2.96, a high estimate of $3.25, and a low estimate of $2.60. Experiencing a 11.9% decline, the current average is now lower than the previous average price target of $3.36. 
<img src="https://www.benzinga.com/files/images/story/2024/1708012828_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Angi among financial experts becomes clear 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>Brad Erickson</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$3.25</td>
<td>$2.25</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.50</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.50</td>
</tr>
<tr>
<td>Kunal Madhukar</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2.60</td>
<td>$2.20</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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Angi compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Angi's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Angi's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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>All You Need to Know 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 four operating segments: (i) Ads and Leads; (ii) Services; (iii) Roofing; and (iv) International (Europe and Canada). Majority of the revenue is earned from United States.
<h3>Breaking Down Angi's Financial Performance</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 31 December, 2023, the company experienced a decline of approximately -19.2%. This indicates a decrease in 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -1.85%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Angi's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.53%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Angi's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.3%, the company may face hurdles in generating optimal returns from its assets.
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>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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Angi: Insights From 4 Financial Analysts

RBC Capital analyst Brad Erickson maintains Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) with a Sector Perform and raises the price target from $2.25 to $3.25.

RBC Capital Maintains Sector Perform on Angi, Raises Price Target to $3.25

JMP says IAC is undervalued, Angi has growth potential; starts both with outperform

Alphyn Capital Management Q2 2024 Letter To Investors

The latest announcement is out from Angi (ANGI). Discover the power of compound interest and how it can significantly boost your investment returns...

Angi Highlights Compound Interest Benefits for Investors

Angi GAAP EPS of $0.01 beats by $0.02, revenue of $315.1M beats by $10.66M

Barry Diller's IAC discloses mixed Q2 report, gives heads-up on Angi revenue volatility

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Angi (ANGI – Research Report), with a price target of...

Angi (ANGI) Receives a Buy from JMP Securities

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Magnite (MGNI – Research Report), Angi (ANGI – Resear...

Analysts Offer Insights on Communication Services Companies: Magnite (MGNI), Angi (ANGI) and IAC/InteractiveCorp. (IAC)

Angi Inc. (ANGI) Q2 2024 Earnings Call Transcript

IAC Inc. Is A Steal, But It Needs A Deal

High-risk, high-reward stocks are highly favored by investors having high risk tolerance to achieve potential returns. Hence, it could be ideal to keep an eye on fundamentally solid penny stocks Sabre Corp (SABR), Angi Inc. (ANGI) and Taboola.com (TBLA). Keep reading… Penny stocks are low-priced stocks with small market capitalization. Due to their illiquidity and wide bid-ask spread, they fall in the category of risky and speculative stocks. However, their potential for higher returns at low costs makes them an appealing investment choice.
Amid this backdrop, investors could consider keeping high-risk, high-reward penny stocks Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>), Angi Inc. (<a href="https://stocknews.com/stock/ANGI/">ANGI</a>) and Taboola.com Ltd. (<a href="https://stocknews.com/stock/TBLA/">TBLA</a>) on their watchlist.
The U.S. economy is soaring, as evidenced by the second quarter reports. The <a href="https://www.reuters.com/markets/us/us-economic-growth-regains-steam-second-quarter-inflation-slows-2024-07-25/">economy grew at a 2.8% rate in the second quarter</a>, with solid consumer spending growth and rising business investment. Inflation pressures have also eased recently. Followed by a historic <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">interest rate cut</a> by the Fed in September.
Amid this, investors spread their money across different segments and different market caps. Among these are <a href="https://www.investopedia.com/updates/how-to-invest-in-penny-stocks/">penny stocks</a>, which are stocks of small publicly traded companies listed on stock exchanges for a price under $5.
Additionally, penny stocks have a strong advantage over high-priced stocks of possible price spikes to multi-dollar levels where investors stand to be rewarded well by investing significantly less, despite being associated with volatility.
Given the industry's bright prospects, let's delve into the fundamentals of some of the high-risk, high-reward stocks.
Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>)
SABR is a software and technology company that drives the global travel industry, supporting a diverse array of travel businesses, from airlines and hotels to travel agencies and other suppliers. It operates through two segments: Travel Solutions; and Hospitality Solutions, serving customers in 160 countries.
On October 3, SABR and Arajet, a Dominican flag carrier, announced a multi-year distribution agreement by which Arajet will distribute its inventory of flights and services through its travel agents across the world, giving SABR agents access to additional airline content to create personalized offers and experiences for their leisure travelers through the Sabre Global Distribution System (GDS).
On September 24, SABR and Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>) announced a partnership to use Google's Travel Impact Model (TIM) for the first time in calculating past emissions from business travel. This project's findings will empower SABR to help set realistic reduction targets and optimize travel efficiency.
SABR's revenue for the fiscal 2024 second quarter, which ended June 30, increased 4% year-over-year to $767.24 million. The company's adjusted operating income increased 132.1% from the prior year's quarter to $106.99 million. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> grew 76.2% from the year-ago value to $128.69 million.
For the fiscal year 2025, analysts expect SABR's revenue to increase 5.3% year-over-year to $3.21 billion. Its EPS is also expected to come at $0.21. 
SABR shares have gained 36.6% over the past six months, closing the last trading session at $3.51.
SABR's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
SABR is ranked #19 out of 76 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry. The stock has a B grade for Growth, Value, and Quality.
To see SABR's Stability, Sentiment, and Momentum ratings, <a href="https://stocknews.com/stock/SABR/">click here</a>.
Angi Inc. (<a href="https://stocknews.com/stock/ANGI/">ANGI</a>)
ANGI connects home service professionals with consumers internationally. The company operates through three segments: Ads and Leads; Services; and International. It provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals. It also connects consumers with service professionals for local services.
ANGI's trailing-12-month gross profit margin of 95.51% is 85.1% higher than the industry average of 51.59%. Also, the stock's trailing-12-month asset turnover ratio of 0.68x is 37.1% higher than the industry average of 0.49x.
For the fiscal second quarter that ended June 30, 2024, ANGI reported revenue of $315.13 million. The company's operating income came in at $9.19 million, compared to an operating loss of $15.39 million in the previous-year quarter. Its adjusted EBITDA increased 115% year-over-year to $42.20 million.
Additionally, the company's net earnings and EPS came in at $3.76 million and $0.01 compared to losses of $14.70 million and $0.03 in the prior year's period, respectively.
Street expects ANGI's revenue for the fiscal year (ending December 2025) to increase 1.7% year-over-year to $1.21 billion. Street expects the company to report an EPS of $0.06 for the same period indicating a significant year-over-year increase. Moreover, ANGI has surpassed consensus EPS estimates in three of the trailing four quarters, which is impressive.
ANGI's stock has soared 8.7% over the past six months to close the last trading session at $2.49.
ANGI's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Value, Quality, and Sentiment. It is ranked #6 in the 52-stock A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what is stated above, we've also rated ANGI for Growth, Stability, and Momentum. Get all ANGI ratings <a href="https://stocknews.com/stock/ANGI/">here</a>.
Taboola.com Ltd. (<a href="https://stocknews.com/stock/TBLA/">TBLA</a>)
TBLA operates an artificial intelligence-based algorithmic engine platform internationally. The company offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.
On October 2, TBLA announced a partnership with Jounce Media, an industry leader in programmatic supply chain management, to verify that the TBLA Select publisher network is free from Made for Advertising (MFA) properties. Making its network MFA-free is a positive step that serves both marketers and publishers.
On August 30, TBLA unveiled its performance advertising-focused bidding technology, Maximize Conversions, for all advertisers. Maximize Conversions is an AI-powered technology that allows TBLA advertisers to drive more conversions and lower costs for campaigns.
TBLA's revenues for the fiscal second quarter that ended June 30, 2024, increased 29% year-over-year to $428.20 million. Its gross profit grew 18.2% from the year-ago value to $144.80 million. The company's adjusted EBITDA came in at $37.23 million, reflecting a growth of 137.7% from the prior year's quarter.
In addition, the company's cash and cash equivalents were $182.20 million as of June 30, 2024, compared to $176.11 million as of December 31, 2023.
Analysts expect TBLA's revenue and EPS for the third quarter (ending September 2024) to increase 19.2% and 321.1% year-over-year to $429.40 million and $0.08, respectively. Also, the company has topped the consensus EPS estimate in all of the trailing four quarters.
Shares of TBLA have surged marginally over the past month to close the last trading session at $3.28.
TBLA's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Sentiment and a B for Value and Growth. Within the B-rated <a href="https://stocknews.com/category/advertising/">Advertising</a> industry, TBLA is ranked #2 out of 16 stocks.
<a href="https://stocknews.com/stock/TBLA/">Click here</a> to access additional ratings of TBLA for Momentum, Stability, and Quality.
What To Do Next?
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SABR shares were trading at $3.35 per share on Monday afternoon, down $0.16 (-4.56%). Year-to-date, SABR has declined -23.86%, versus a 20.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/sabr-angi-tbla-googl-3-high-risk-high-reward-penny-stocks-to-watch/>3 High-Risk, High-Reward Penny Stocks to Watch</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Risk, High-Reward Penny Stocks to Watch

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GOOG

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MGNI

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Press Releases

IAC to Participate in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference

New Angi Report Finds Nearly 90% of Skilled Tradespeople Satisfied in Their Careers

IAC to Participate in the 52nd Annual TD Cowen Technology, Media and Telecom Conference

Angi Inc. to Announce Q2 2024 Earnings on August 6th and Host Earnings Conference Call on August 7th

IAC TO ANNOUNCE Q2 2024 EARNINGS ON AUGUST 6th AND HOST EARNINGS CONFERENCE CALL ON AUGUST 7th

Angi Inc. Earnings Release Available on Company's Website

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

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

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