Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume

Shares of Angi Inc. (NASDAQ:ANGI) saw unusually-strong trading volume on Thursday . Approximately 532,261 shares traded hands during trading, a decline of 34% from the previous session’s volume of 804,884 shares.The stock last traded at $2.30 and had previously closed at $2.18.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com raised Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group raised their price target on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group upped their price objective on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada increased their price objective on shares of Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.23.

Angi Stock Up 12.8 %

The company has a market capitalization of $1.23 billion, a PE ratio of -29.63 and a beta of 1.97. The stock’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.31. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. As a group, analysts predict that Angi Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 166,034 shares in the company, valued at $428,367.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 35,244 shares of company stock valued at $85,643. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Angi

Several large investors have recently modified their holdings of ANGI. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Angi by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after buying an additional 6,587 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Angi by 44.6% during the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after acquiring an additional 7,649 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Angi by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after acquiring an additional 10,447 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Angi in the fourth quarter valued at $26,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Angi during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and 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, matches consumers with independently established home services professionals.