Angi Inc. (NASDAQ:ANGI) Stock Position Raised by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its position in Angi Inc. (NASDAQ:ANGI - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,997,332 shares of the technology company's stock after acquiring an additional 267,946 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.00% of Angi worth $8,296,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Angi during the fourth quarter worth about $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the fourth quarter valued at $30,000. Headlands Technologies LLC increased its position in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after purchasing an additional 18,523 shares in the last quarter. Oxford Asset Management LLP acquired a new position in Angi in the 4th quarter valued at about $33,000. Finally, Two Sigma Securities LLC purchased a new position in Angi in the 4th quarter valued at about $41,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Up 0.4 %

Shares of ANGI traded up $0.05 during mid-day trading on Tuesday, reaching $11.25. 1,425,039 shares of the stock traded hands, compared to its average volume of 261,450. The firm has a market cap of $559.43 million, a price-to-earnings ratio of 140.64 and a beta of 1.84. The stock has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $17.25. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. Angi Inc. has a 12-month low of $10.88 and a 12-month high of $29.15.

Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. Sell-side analysts expect that Angi Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JMP Securities reduced their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. KeyCorp reduced their target price on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday. Citigroup lowered their price target 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 lowered shares of Angi from a "buy" rating to a "hold" rating in a report on Friday. Finally, Royal Bank of Canada lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Angi presently has a consensus rating of "Hold" and an average target price of $27.08.

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.