Angi (NASDAQ:ANGI) Trading Up 8.9%

Angi Inc. (NASDAQ:ANGI)’s share price shot up 8.9% on Wednesday . The company traded as high as $2.20 and last traded at $2.20. 591,121 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 839,516 shares. The stock had previously closed at $2.02.

Wall Street Analyst Weigh In

ANGI has been the subject of several research reports. KeyCorp cut their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised their price objective on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th. Citigroup dropped their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, UBS Group upped their price objective on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Angi has a consensus rating of “Moderate Buy” and an average price target of $4.13.

Angi Trading Up 7.9 %

The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.41. The firm has a market cap of $1.09 billion, a PE ratio of -43.20 and a beta of 1.95.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total transaction of $25,023.24. Following the completion of the sale, the chief technology officer now owns 160,506 shares in the company, valued at $341,877.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 35,244 shares of company stock valued at $78,947 in the last ninety days. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Angi

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares in the last quarter. FMR LLC raised its holdings in Angi by 44.6% during the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after purchasing an additional 1,983,031 shares during the last quarter. Pale Fire Capital SE raised its stake in Angi by 377.0% in the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after purchasing an additional 4,966,764 shares during the last quarter. General American Investors Co. Inc. lifted its holdings in Angi by 20.7% in the 4th quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares in the last quarter. Finally, One Fin Capital Management LP grew its holdings in shares of Angi by 30.0% during the third quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock worth $2,574,000 after buying an additional 300,000 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

About Angi

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.