Brevan Howard Capital Management LP Purchases Shares of 55,409 Angi Inc. (NASDAQ:ANGI)

Brevan Howard Capital Management LP acquired a new position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,409 shares of the technology company's stock, valued at approximately $92,000.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC bought a new stake in shares of Angi in the fourth quarter worth $30,000. Headlands Technologies LLC boosted its holdings in Angi by 9,308.0% during the fourth 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 last quarter. Oxford Asset Management LLP bought a new position in Angi in the fourth quarter valued at $33,000. Finally, Two Sigma Securities LLC bought a new position in Angi in the fourth quarter valued at $41,000. 12.84% of the stock is currently owned by institutional investors.

Angi Trading Up 0.1%

Shares of Angi stock opened at $16.11 on Tuesday. 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 business has a fifty day simple moving average of $13.86 and a two-hundred day simple moving average of $16.95. Angi Inc. has a 1 year low of $10.88 and a 1 year high of $29.15. The company has a market capitalization of $803.00 million, a price-to-earnings ratio of 201.40 and a beta of 1.84.

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

Analyst Ratings Changes

ANGI has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. KeyCorp decreased their price target on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research note on Saturday. JMP Securities decreased their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, Benchmark upped their price target on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $21.36.

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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