Angi Inc. (NASDAQ:ANGI) Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its position in Angi Inc. (NASDAQ:ANGI - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,997,332 shares of the technology company's stock after purchasing an additional 267,946 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.00% of Angi worth $8,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Angi in the fourth quarter worth about $27,000. Hsbc Holdings PLC purchased a new stake in shares of Angi in the fourth quarter valued at approximately $30,000. Headlands Technologies LLC increased its holdings 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 during the period. Oxford Asset Management LLP bought a new stake in Angi during the 4th quarter valued at $33,000. Finally, Two Sigma Securities LLC bought a new position in shares of Angi during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 12.84% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ANGI. Benchmark increased their target price on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday. Citigroup cut their target price on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. UBS Group cut their price objective on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday. JMP Securities decreased their price objective on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Angi currently has a consensus rating of "Hold" and a consensus target price of $21.36.

Angi Stock Performance

Shares of ANGI stock traded up $1.33 during mid-day trading on Friday, hitting $16.31. 1,164,841 shares of the stock were exchanged, compared to its average volume of 293,521. Angi Inc. has a 12-month low of $10.88 and a 12-month high of $29.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The stock has a market capitalization of $811.05 million, a price-to-earnings ratio of 203.90 and a beta of 1.84. The stock's fifty day simple moving average is $13.87 and its two-hundred day simple moving average is $17.17.

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. Angi had a return on equity of 3.41% and a net margin of 3.04%. The business had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. On average, analysts forecast that Angi Inc. will post 0.08 EPS for the current year.

Angi 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.