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ANGI Homeservices Inc (NASDAQ:ANGI) Short Interest Update

Wednesday, September 16, 2020 | MarketBeat

ANGI Homeservices Inc (NASDAQ:ANGI) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 14,520,000 shares, a decline of 20.1% from the August 15th total of 18,170,000 shares. Based on an average trading volume of 3,660,000 shares, the short-interest ratio is currently 4.0 days. Approximately 22.2% of the company's shares are short sold.

In other ANGI Homeservices news, CMO Allison Lowrie sold 105,051 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $14.65, for a total transaction of $1,538,997.15. Also, CEO William B. Ridenour sold 498,446 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $14.39, for a total value of $7,172,637.94. Following the transaction, the chief executive officer now directly owns 1,410,458 shares of the company's stock, valued at approximately $20,296,490.62. The disclosure for this sale can be found here. In the last three months, insiders sold 1,530,962 shares of company stock valued at $21,906,157. 17.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of ANGI Homeservices by 0.4% during the first quarter. Janus Henderson Group PLC now owns 957,991 shares of the technology company's stock valued at $5,015,000 after purchasing an additional 4,016 shares in the last quarter. Paloma Partners Management Co grew its position in shares of ANGI Homeservices by 22.6% during the first quarter. Paloma Partners Management Co now owns 26,235 shares of the technology company's stock valued at $138,000 after purchasing an additional 4,832 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ANGI Homeservices by 254.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,935 shares of the technology company's stock valued at $57,000 after purchasing an additional 7,851 shares in the last quarter. Kerrisdale Advisers LLC grew its position in shares of ANGI Homeservices by 1.0% during the second quarter. Kerrisdale Advisers LLC now owns 800,201 shares of the technology company's stock valued at $9,722,000 after purchasing an additional 7,865 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of ANGI Homeservices by 7.9% during the first quarter. Wells Fargo & Company MN now owns 106,961 shares of the technology company's stock valued at $562,000 after purchasing an additional 7,870 shares in the last quarter. 19.95% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ANGI opened at $12.21 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $14.06 and its two-hundred day simple moving average is $10.51. The stock has a market cap of $5.88 billion, a PE ratio of 305.33 and a beta of 2.11. ANGI Homeservices has a 52 week low of $4.10 and a 52 week high of $17.05.

ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, August 10th. The technology company reported $0.02 EPS for the quarter, beating the Zacks' consensus estimate of ($0.01) by $0.03. The business had revenue of $375.06 million for the quarter, compared to analysts' expectations of $364.45 million. ANGI Homeservices had a return on equity of 1.65% and a net margin of 1.55%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Sell-side analysts anticipate that ANGI Homeservices will post 0.02 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on ANGI shares. ValuEngine lowered ANGI Homeservices from a "buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Needham & Company LLC reissued a "buy" rating and issued a $17.00 target price on shares of ANGI Homeservices in a research report on Tuesday, August 11th. BMO Capital Markets reissued a "buy" rating and issued a $16.00 target price on shares of ANGI Homeservices in a research report on Friday, July 10th. TheStreet upgraded ANGI Homeservices from a "d+" rating to a "c-" rating in a research note on Tuesday, August 11th. Finally, Benchmark upped their price target on ANGI Homeservices from $12.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of "Buy" and an average target price of $14.68.

ANGI Homeservices Company Profile

ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.

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