Marshall Wace LLP Takes Position in Angi Inc. (NASDAQ:ANGI)

Marshall Wace LLP purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 254,733 shares of the technology company's stock, valued at approximately $423,000. Marshall Wace LLP owned 0.05% of Angi at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ANGI. Arrowstreet Capital Limited Partnership boosted its stake in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after buying an additional 914,037 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Angi in the 4th quarter worth approximately $469,000. Bank of New York Mellon Corp acquired a new stake in shares of Angi during the 4th quarter worth approximately $210,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Angi during the 4th quarter valued at approximately $199,000. Finally, M&T Bank Corp lifted its stake in shares of Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company's stock valued at $978,000 after purchasing an additional 84,304 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price target on Angi from $27.50 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. JMP Securities cut their price objective on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a report on Thursday, February 13th. KeyCorp dropped their price target on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday. Citigroup lowered their price objective on Angi from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, StockNews.com downgraded Angi from a "buy" rating to a "hold" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.08.

Angi Trading Up 0.4 %

Shares of ANGI traded up $0.05 during midday trading on Tuesday, hitting $11.25. 1,425,039 shares of the stock were exchanged, compared to its average volume of 261,450. The firm has a market cap of $559.43 million, a P/E ratio of 140.64 and a beta of 1.84. Angi Inc. has a 52-week low of $10.88 and a 52-week high of $29.15. 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 stock has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $17.25.

Angi (NASDAQ:ANGI - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. On average, research analysts anticipate that Angi Inc. will post 0.08 EPS for the current fiscal year.

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.