Marshall Wace LLP Buys Shares of 254,733 Angi Inc. (NASDAQ:ANGI)

Marshall Wace LLP purchased a new position in Angi Inc. (NASDAQ:ANGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 254,733 shares of the technology company's stock, valued at approximately $423,000. Marshall Wace LLP owned about 0.05% of Angi as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Angi during the 4th quarter worth $27,000. Dynamic Technology Lab Private Ltd acquired a new stake in Angi in the fourth quarter valued at $199,000. Headlands Technologies LLC lifted its holdings in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after buying an additional 18,523 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Angi by 113.1% during the 4th 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. Finally, Quantbot Technologies LP acquired a new position in shares of Angi during the 4th quarter worth about $73,000. Institutional investors and hedge funds own 12.84% of the company's stock.

Angi Stock Performance

Shares of NASDAQ:ANGI traded up $0.82 during trading on Friday, reaching $15.80. 705,071 shares of the company's stock traded hands, compared to its average volume of 291,641. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The company has a 50 day moving average of $13.87 and a 200-day moving average of $17.17. Angi Inc. has a 12 month low of $10.88 and a 12 month high of $29.15. The stock has a market capitalization of $785.69 million, a P/E ratio of 197.52 and a beta of 1.84.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.24. The business had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. On average, equities analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANGI. UBS Group lowered their target price on shares of Angi from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday. JMP Securities reduced 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 note on Thursday, February 13th. KeyCorp dropped their price objective on Angi from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday. 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 report on Tuesday, April 15th. Finally, StockNews.com lowered Angi from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.36.

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.