Angi (NASDAQ:ANGI) Sees Large Volume Increase - Should You Buy?

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 401,058 shares changed hands during mid-day trading, an increase of 60% from the previous session's volume of 250,415 shares.The stock last traded at $11.76 and had previously closed at $11.79.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup decreased their target price on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 25th. StockNews.com cut shares of Angi from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. JMP Securities reduced their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Finally, Benchmark upped their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Angi presently has an average rating of "Hold" and a consensus target price of $21.58.

Angi Stock Up 0.7 %

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 stock's 50 day simple moving average is $13.90 and its two-hundred day simple moving average is $17.24. The firm has a market cap of $758.83 million, a P/E ratio of 190.77 and a beta of 1.84.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data 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. Angi had a return on equity of 3.41% and a net margin of 3.04%. The business had revenue of $245.91 million during the quarter, compared to analysts' expectations of $239.73 million. As a group, research analysts forecast that Angi Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Angi

A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. JPMorgan Chase & Co. increased its position in shares of Angi by 39.9% during the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after acquiring an additional 65,119 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Angi in the 4th quarter worth $73,000. Raymond James Financial Inc. purchased a new position in shares of Angi in the fourth quarter worth $27,000. PNC Financial Services Group Inc. lifted its holdings in shares of Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after purchasing an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Angi during the fourth quarter valued at $210,000. 12.84% of the stock is currently owned by institutional investors.

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.