Graham Capital Management L.P. Takes Position in Angi Inc. (NASDAQ:ANGI)

Graham Capital Management L.P. bought a new position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 27,989 shares of the technology company's stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ANGI. Bridgeway Capital Management LLC purchased a new stake in shares of Angi during the fourth quarter valued at about $1,079,000. Brevan Howard Capital Management LP purchased a new stake in shares of Angi during the fourth quarter valued at about $92,000. Balyasny Asset Management L.P. purchased a new stake in shares of Angi during the fourth quarter valued at about $97,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Angi by 5.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock valued at $8,296,000 after buying an additional 267,946 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Angi by 16.8% during the fourth 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 last quarter. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Performance

Shares of Angi stock traded down $0.45 during midday trading on Friday, hitting $15.56. The company had a trading volume of 1,099,071 shares, compared to its average volume of 340,790. The stock has a market cap of $746.68 million, a price-to-earnings ratio of 194.52 and a beta of 1.84. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $16.43. 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 announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. The firm had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. As a group, analysts predict that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ANGI. Benchmark increased their price target on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Citigroup decreased their price target on shares of Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada decreased their price target on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. 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. Finally, KeyCorp decreased their price objective on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.