Two Sigma Advisers LP Purchases 207,300 Shares of Angi Inc. (NASDAQ:ANGI)

Two Sigma Advisers LP raised its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 724,518 shares of the technology company's stock after purchasing an additional 207,300 shares during the period. Two Sigma Advisers LP owned 0.15% of Angi worth $1,203,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC grew its stake in Angi by 5.7% in 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 buying an additional 267,946 shares during the last quarter. Westerly Capital Management LLC increased its position in shares of Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after purchasing an additional 490,000 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares during the period. Two Sigma Investments LP raised its stake in shares of Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after purchasing an additional 158,662 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in Angi in the fourth quarter worth $1,079,000. Institutional investors own 12.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ANGI shares. JMP Securities lowered their price target on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Benchmark upped their target price on shares of Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Citigroup decreased their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Wall Street Zen raised Angi from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, UBS Group cut their target price on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Angi currently has an average rating of "Hold" and a consensus target price of $21.36.

Angi Price Performance

Shares of ANGI traded up $0.22 on Wednesday, hitting $17.07. The company's stock had a trading volume of 149,996 shares, compared to its average volume of 361,606. The company has a 50 day moving average price of $13.89 and a 200 day moving average price of $16.23. Angi Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $29.15. The company has a market capitalization of $819.14 million, a PE ratio of 213.48 and a beta of 1.84. 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 (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.06 by $0.24. Angi had a return on equity of 3.41% and a net margin of 3.04%. The company had revenue of $245.91 million for the quarter, compared to analysts' expectations of $239.73 million. On average, research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

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.