Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume - Here's What Happened

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 667,491 shares were traded 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 Analysts Forecast Growth

ANGI has been the topic of several recent research reports. JMP Securities lowered their price objective on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. UBS Group cut their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup lowered their target price 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 cut their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.36.

Angi Stock Up 0.2%

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 market cap of $786.03 million, a price-to-earnings ratio of 204.78 and a beta of 1.84. The stock has a fifty day moving average of $13.88 and a two-hundred day moving average of $16.79.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million during the quarter, compared to the consensus estimate of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. As a group, analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in Angi during the 4th quarter valued at $74,000. Two Sigma Advisers LP increased its position in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock worth $1,215,000 after acquiring an additional 158,662 shares in the last quarter. State of Wyoming purchased a new position in Angi in the fourth quarter valued at about $69,000. Finally, Graham Capital Management L.P. purchased a new stake in Angi during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

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.