Angi Target of Unusually Large Options Trading (NASDAQ:ANGI)

Key Points

• Angi Inc. experienced a significant surge in call options trading, with 5,969 call options being purchased, marking a 2,017% increase from the average volume.
• Several analysts have adjusted their ratings for Angi, with Zacks downgrading the stock from "strong-buy" to "hold," while Royal Bank of Canada and UBS raised their price targets.
• Angi reported earnings of $0.23 per share, which was below the consensus estimate, and its revenue decreased by 11.7% compared to the previous year.

Angi Inc. (NASDAQ:ANGI - Get Free Report) was the recipient of unusually large options trading on Wednesday. Investors bought 5,969 call options on the stock. This is an increase of approximately 2,017% compared to the average volume of 282 call options.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research lowered shares of Angi from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Royal Bank Of Canada lifted their price target on shares of Angi from $17.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Angi from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. UBS Group lifted their price objective on shares of Angi from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Angi in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.07.

Angi Stock Performance

ANGI stock traded down $0.11 during mid-day trading on Wednesday, reaching $14.37. 717,344 shares of the stock traded hands, compared to its average volume of 819,796. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Angi has a 52 week low of $10.88 and a 52 week high of $27.10. The business has a 50-day moving average of $17.30 and a two-hundred day moving average of $15.77. The firm has a market capitalization of $637.17 million, a PE ratio of 11.69 and a beta of 1.75.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Tuesday, August 5th. The technology company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Angi had a net margin of 5.50% and a return on equity of 5.73%. The company had revenue of $278.22 million during the quarter, compared to the consensus estimate of $261.02 million. The company's revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts predict that Angi will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Angi

An institutional investor recently bought a new position in Angi stock. Poehling Capital Management INC. purchased a new position in Angi Inc. (NASDAQ:ANGI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,146 shares of the technology company's stock, valued at approximately $231,000. Institutional investors 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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