Angi Inc. (NASDAQ:ANGI) Sees Large Growth in Short Interest

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,350,000 shares, a growth of 116.1% from the March 31st total of 1,550,000 shares. Based on an average daily volume of 658,300 shares, the short-interest ratio is currently 5.1 days. Approximately 7.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Angi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of Angi in the 4th quarter valued at about $74,000. Two Sigma Advisers LP raised its holdings in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after purchasing an additional 207,300 shares during the period. Two Sigma Investments LP boosted its position in shares of Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after purchasing an additional 158,662 shares in the last quarter. State of Wyoming acquired a new position in shares of Angi in the 4th quarter valued at $69,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Angi in the 4th quarter valued at $46,000. Institutional investors own 12.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ANGI shares. JMP Securities decreased their price objective on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of Angi from a "buy" rating to a "hold" rating in a report on Friday. Citigroup reduced their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank of Canada dropped their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.25.

Angi Trading Down 1.4 %

Shares of ANGI stock traded down $0.17 during trading hours on Friday, reaching $11.79. The company had a trading volume of 1,358,864 shares, compared to its average volume of 249,389. Angi has a 1-year low of $11.00 and a 1-year high of $29.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The firm has a market cap of $586.28 million, a price-to-earnings ratio of 147.39 and a beta of 1.84. The company has a 50 day moving average of $14.16 and a 200 day moving average of $17.45.

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.