Angi Inc. (NASDAQ:ANGI) Stock Position Lifted by Two Sigma Investments LP

Two Sigma Investments LP boosted its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 732,077 shares of the technology company's stock after purchasing an additional 158,662 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of Angi worth $1,215,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Angi during the fourth quarter valued at $73,000. Hsbc Holdings PLC acquired a new position in Angi during the 4th quarter valued at about $30,000. Raymond James Financial Inc. acquired a new position in Angi during the 4th quarter valued at about $27,000. Stifel Financial Corp bought a new position in Angi in the 4th quarter worth about $90,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after purchasing an additional 17,605 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Angi Price Performance

NASDAQ:ANGI traded down $0.11 during mid-day trading on Friday, reaching $16.49. 571,037 shares of the stock were exchanged, compared to its average volume of 367,403. The business has a fifty day moving average price of $13.93 and a 200 day moving average price of $16.22. The firm has a market capitalization of $791.31 million, a PE ratio of 206.15 and a beta of 1.84. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. Angi Inc. has a 1-year low of $10.88 and a 1-year high of $29.15.

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, beating 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 business had revenue of $245.91 million during the quarter, compared to the consensus estimate of $239.73 million. Research analysts expect that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANGI. Royal Bank of Canada reduced their price objective on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Citigroup reduced their price target on Angi from $18.00 to $14.00 and set a "neutral" rating for the company in a research 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. Benchmark lifted their price objective 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. Finally, KeyCorp decreased their target price 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Angi has an average rating of "Hold" and an average price target of $21.36.

About Angi

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.