Bridgeway Capital Management LLC Acquires New Shares in Angi Inc. (NASDAQ:ANGI)

Bridgeway Capital Management LLC bought a new position in Angi Inc. (NASDAQ:ANGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 650,000 shares of the technology company's stock, valued at approximately $1,079,000. Bridgeway Capital Management LLC owned approximately 0.13% of Angi as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup decreased their target price on shares of Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group decreased their target price on shares of Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Benchmark lifted their target price on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, JMP Securities decreased their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Angi currently has a consensus rating of "Hold" and an average price target of $21.36.

Angi Price Performance

ANGI traded down $0.49 during trading on Wednesday, reaching $16.11. 886,717 shares of the company traded hands, compared to its average volume of 312,136. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi Inc. has a 12-month low of $10.88 and a 12-month high of $29.15. The firm has a fifty day simple moving average of $13.88 and a 200 day simple moving average of $16.95. The company has a market cap of $803.00 million, a P/E 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 for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The firm had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a net margin of 3.04% and a return on equity of 3.41%. On average, equities 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.