UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 34,443 Shares of Angi Inc. (NASDAQ:ANGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,086 shares of the technology company's stock after selling 34,443 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Angi were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Angi in the 4th quarter worth $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the fourth quarter worth $30,000. Headlands Technologies LLC grew its position in shares of Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock valued at $31,000 after buying an additional 18,523 shares during the last quarter. Oxford Asset Management LLP bought a new position in shares of Angi during the fourth quarter valued at approximately $33,000. Finally, Two Sigma Securities LLC bought a new position in Angi during the 4th quarter worth $41,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Price Performance

ANGI traded down $0.81 during midday trading on Thursday, hitting $15.82. The company had a trading volume of 984,195 shares, compared to its average volume of 382,086. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market capitalization of $759.15 million, a PE ratio of 197.77 and a beta of 1.81. The firm's 50-day simple moving average is $14.18 and its 200-day simple moving average is $16.13. 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 data on Tuesday, May 6th. The technology company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to analysts' expectations of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. Equities research analysts predict that Angi Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JMP Securities decreased their target price on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research report on Thursday, February 13th. KeyCorp reduced their target price on shares of Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. UBS Group cut their price target on Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Royal Bank of Canada decreased their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Finally, Benchmark raised their target price on Angi from $6.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" 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.