Angi (NASDAQ:ANGI) Sees Large Volume Increase - Here's What Happened

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw strong trading volume on Monday . 667,491 shares traded hands during mid-day trading, an increase of 122% from the previous session's volume of 300,208 shares.The stock last traded at $16.13 and had previously closed at $16.10.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ANGI shares. Citigroup decreased their target price on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. KeyCorp decreased their target price on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Benchmark boosted their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. StockNews.com raised Angi from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group cut their price target on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Angi currently has an average rating of "Hold" and an average target price of $21.36.

Angi Stock Performance

The firm has a market cap of $803.00 million, a price-to-earnings ratio of 201.40 and a beta of 1.84. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $13.87 and a 200-day moving average price of $17.01.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. On average, analysts expect that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after buying an additional 65,119 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Angi in the fourth quarter valued at approximately $73,000. Raymond James Financial Inc. purchased a new stake in shares of Angi in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. boosted its stake in shares of Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after buying an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Angi in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds 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.

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