Balyasny Asset Management L.P. Makes New $97,000 Investment in Angi Inc. (NASDAQ:ANGI)

Balyasny Asset Management L.P. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 58,635 shares of the technology company's stock, valued at approximately $97,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ANGI. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after acquiring an additional 267,946 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Angi by 16.8% during the 4th quarter. Jane Street Group LLC now owns 50,920 shares of the technology company's stock valued at $85,000 after buying an additional 7,340 shares during the period. Westerly Capital Management LLC raised its holdings in shares of Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after buying an additional 490,000 shares during the period. Oxford Asset Management LLP acquired a new position in Angi during the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC purchased a new position in Angi in the 4th quarter worth approximately $41,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Stock Performance

NASDAQ:ANGI traded down $0.45 during midday trading on Friday, reaching $15.56. 1,099,071 shares of the company traded hands, compared to its average volume of 339,816. The firm has a market capitalization of $746.68 million, a price-to-earnings ratio of 194.52 and a beta of 1.84. The company has a fifty day moving average price of $13.93 and a 200 day moving average price of $16.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. Angi Inc. has a twelve month low of $10.88 and a twelve month high of $29.15.

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

Analyst Upgrades and Downgrades

ANGI has been the topic of a number of recent research reports. JMP Securities reduced 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 report on Thursday, February 13th. Benchmark boosted their price objective on shares of Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. UBS Group decreased their price objective on shares of Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp dropped 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, May 5th. Finally, Citigroup cut their price target on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.36.

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.