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Angi
(NASDAQ:ANGI)
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Rating:52Neutral
Price Target:
$6.50
▲(17.54% Upside)
Action:Reiterated
Date:08/05/26
ANGI scores in the low-50s primarily due to weakening financial performance (multi-year revenue decline, TTM losses, and FCF slipping slightly negative) despite strong gross margins and manageable leverage. Technicals are mildly supportive in the short term but still weak on a longer-term trend basis. Valuation is moderately favorable at ~12.6 P/E, while the latest earnings call adds both upside potential from the AI-native strategy and higher uncertainty from suspended guidance, near-term revenue trade-offs, and rising AI costs.
Positive Factors
High Gross Margins
Sustained ~91–95% gross margins indicate very strong unit economics in Angi's marketplace. High margins provide structural capacity to fund product development, absorb higher AI operating costs, and improve long-term profitability if revenue stabilizes and operational leverage is regained.
Negative Factors
Multi-Year Revenue Decline
A persistent multi-year revenue decline erodes scale advantages and weakens network effects fundamental to marketplace economics. Reduced transaction volume compresses growth optionality, makes margin conversion harder, and increases the execution burden for any strategic pivot to restore long-term revenue momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained ~91–95% gross margins indicate very strong unit economics in Angi's marketplace. High margins provide structural capacity to fund product development, absorb higher AI operating costs, and improve long-term profitability if revenue stabilizes and operational leverage is regained.
Read all positive factors
Angi Key Performance Indicators (KPIs)
Any
Revenue by Geography
Revenue split across states or regions, showing where Angi earns most of its sales. Geographic concentration increases exposure to local downturns, while diversified growth across regions points to expansion success and reduced single‑market risk.
Revenue split across states or regions, showing where Angi earns most of its sales. Geographic concentration increases exposure to local downturns, while diversified growth across regions points to expansion success and reduced single‑market risk.
Data provided by:
The Fly
The FlyAngi (ANGI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$229.34M
Dividend YieldN/A
Average Volume (3M)774.24K
Price to Earnings (P/E)12.6
Beta (1Y)1.84
Revenue Growth-9.14%
EPS Growth-60.63%
CountryUS
Employees2,300
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-5.48
Shares Outstanding40,448,017
10 Day Avg. Volume511,120
30 Day Avg. Volume774,236
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.65
Price to Sales (P/S)0.59
P/FCF Ratio13.26
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$8.00Price Target Upside44.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-4.63
Revenue Forecast (FY)$957.45M
Angi Business Overview & Revenue Model
Company Description
Angi Inc. serves as a crucial link between consumers and home service professionals, operating its services both domestically in the United States and across international markets. A core offering, Angi Ads, leverages its extensive nationwide onli...
How the Company Makes Money
Angi primarily makes money by monetizing service professionals and, to a lesser extent, transactions and consumer services on its home-services marketplace. A core revenue stream is selling customer acquisition products to contractors and other ho...
Angi Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presents a balanced mix of material strategic upside and tangible near-term execution and visibility risks. Highlights include strong customer metrics (NPS and churn improvements), meaningful initial AI adoption, a Q1 EBITDA beat, a clear AI-native strategic roadmap with timelines, and a large stated TAM with multiple monetization paths (leads plus software). Offsetting these positives are the withdrawal of financial guidance, an acknowledged short-term revenue opportunity cost as resources shift from legacy systems, March demand softness, low current market penetration (particularly among large Pros), higher-than-expected AI costs, and early conversion issues in LLM chat tests. Management emphasizes disciplined capital allocation and intends to fund the transition internally, but investors face increased uncertainty until the new platform and agents meaningfully scale.Positive Updates
NPS and Pro Churn Improvements
Net Promoter Score improved by ~30 points and Pro churn improved by ~30%, reflecting meaningful customer experience and retention gains over the last three years.
Negative Updates
Withdrawal of Financial Guidance
Management decided to stop providing revenue/guidance ranges to avoid short-term distraction and reallocate engineering/resources to the AI-native transition, increasing near-term visibility risk for investors.
Read all updates
Q1-2026 Updates
Positive
Negative
NPS and Pro Churn Improvements
Net Promoter Score improved by ~30 points and Pro churn improved by ~30%, reflecting meaningful customer experience and retention gains over the last three years.
Read all positive updates
Company Guidance
Angi said it is suspending formal guidance — management will not provide revenue or EBITDA guidance going forward — because it is reallocating resources to build an AI‑native platform and agent products; they expect to fund the transformation internally (not by using cash on the balance sheet) while continuing to generate cash flow. Highlights included Q1 adjusted EBITDA of about $23M (above prior guidance of $10–$15M), an incremental EUR ~2M of capitalized engineering labor that boosted results, and an expected increase in AI software/token costs of several million dollars. Management indicated a directional operating cash‑flow “floor” of roughly $50M per year (adjusted EBITDA minus CapEx), targets getting onto the new platform within ~12 months, and anticipates material revenue acceleration in 2027 as agents roll out. On capital allocation, they repurchased roughly $100M of bonds (≈20% of debt outstanding) at about a 9% discount, and share buybacks remain limited until April 2027 after having already repurchased ~20% of shares at the spinoff.Angi Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 992.55M | 1.03B | 1.19B | 1.36B | 1.76B | 1.62B |
| Gross Profit | 888.10M | 935.98M | 1.13B | 1.30B | 1.43B | 1.34B |
| EBITDA | -150.62M | 130.12M | 128.90M | 93.49M | 16.85M | 4.70M |
| Net Income | -221.82M | 43.83M | 36.00M | -40.94M | -128.45M | -71.38M |
Balance Sheet | ||||||
| Total Assets | 1.33B | 1.68B | 1.83B | 1.86B | 1.91B | 2.01B |
| Cash, Cash Equivalents and Short-Term Investments | 188.70M | 303.70M | 416.43M | 364.04M | 321.15M | 428.14M |
| Total Debt | 398.48M | 511.13M | 580.65M | 616.94M | 585.22M | 600.07M |
| Total Liabilities | 637.85M | 753.00M | 767.93M | 811.71M | 856.40M | 866.55M |
| Stockholders Equity | 687.63M | 927.37M | 1.06B | 1.04B | 1.05B | 1.13B |
Cash Flow | ||||||
| Free Cash Flow | -6.79M | 45.47M | 105.45M | 57.06M | -88.41M | -64.01M |
| Operating Cash Flow | 58.72M | 105.07M | 155.94M | 104.84M | 27.07M | 6.21M |
| Investing Cash Flow | -65.38M | -59.45M | -50.41M | -46.23M | -116.09M | -72.93M |
| Financing Cash Flow | -166.78M | -158.34M | -53.76M | -16.98M | -17.23M | -317.31M |
Angi Technical Analysis
Negative
5.53
Price Trends
5.80
Negative
6.21
Negative
8.87
Negative
Market Momentum
-0.19
Positive
38.30
Neutral
28.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGI, the sentiment is Negative. The current price of 5.53 is below the 20-day moving average (MA) of 5.82, below the 50-day MA of 5.80, and below the 200-day MA of 8.87, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 28.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANGI.
Angi Risk Analysis
Angi disclosed 35 risk factors in its most recent earnings report. Angi reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Angi Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $892.11M | 8.30 | 50.29% | ― | 24.49% | 181.60% | |
76 Outperform | $1.45B | 11.85 | 18.61% | ― | 2.09% | 4.03% | |
66 Neutral | $846.68M | -19.65 | -7.27% | ― | 6.78% | 52.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | $179.62M | 12.27 | -7.36% | ― | -0.07% | ― | |
52 Neutral | $229.34M | 12.60 | -25.18% | ― | -9.14% | -60.63% | |
51 Neutral | $1.05B | -10.82 | 212.18% | ― | 2.42% | -175.21% |
* Communication Services Sector Average
ANGI
Angi
4.84
-13.22
-73.20%
GRPN
Groupon
25.03
-6.64
-20.97%
YELP
Yelp
25.56
-4.92
-16.14%
EVER
EverQuote
25.71
2.16
9.17%
THRY
Thryv Holdings
2.44
-9.97
-80.34%
NXDR
Nextdoor Holdings
2.55
0.66
34.92%
Angi Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Angi Updates CEO Compensation Amid Weak Q2 Results
Negative
Aug 4, 2026
On August 2–4, 2026, Angi’s board saw director Jeremy Philips resign without dispute and appointed experienced digital marketplace and media executive Michael Steib as a Class III director, while adding current director Thomas C. Picke...
Executive/Board ChangesRegulatory Filings and Compliance
Angi Restructures Financial Leadership as CAO Departs
Neutral
Jul 9, 2026
On July 2, 2026, Angi Inc. announced that Chief Accounting Officer and principal accounting officer Austin Kaplicer will resign effective August 6, 2026, after overseeing the company’s second-quarter 2026 earnings materials and Form 10-Q. Hi...
Executive/Board ChangesShareholder Meetings
Angi Shareholders Reelect Directors and Approve 2017 Stock Plan
Positive
Jun 12, 2026
At its June 10, 2026 Annual Meeting of Stockholders, Angi shareholders elected three Class II directors—Sandra Buchanan, Thomas C. Pickett Jr., and Glenn H. Schiffman—to serve until the 2029 annual meeting or until their successors are...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial Disclosures
Angi Reshapes Leadership Amid AI Reorganization and Buyback
Neutral
May 5, 2026
On May 4, 2026, Angi appointed long-time executive Michael Wanderer as Chief Operating Officer, backing the promotion with a one-year, automatically renewing employment agreement that includes a $450,000 base salary, performance-based bonus potent...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.