ANGI Homeservices Inc. (NASDAQ:ANGI) was the target of a large increase in short interest in October. As of October 30th, there was short interest totalling 12,000,000 shares, an increase of 21.3% from the October 15th total of 9,890,000 shares. Currently, 17.5% of the company's stock are sold short. Based on an average daily volume of 3,440,000 shares, the days-to-cover ratio is currently 3.5 days.
In other news, COO Craig M. Smith sold 140,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.34, for a total value of $2,007,600.00. Following the sale, the chief operating officer now owns 1,707,259 shares in the company, valued at approximately $24,482,094.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William B. Ridenour sold 498,446 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.39, for a total transaction of $7,172,637.94. Following the completion of the sale, the chief executive officer now owns 1,410,458 shares in the company, valued at approximately $20,296,490.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,135,235 shares of company stock worth $14,824,745. Company insiders own 17.40% of the company's stock.
Several institutional investors have recently bought and sold shares of the company. Neo Ivy Capital Management boosted its holdings in shares of ANGI Homeservices by 1,224.5% in the third quarter. Neo Ivy Capital Management now owns 2,861 shares of the technology company's stock valued at $31,000 after acquiring an additional 2,645 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in ANGI Homeservices during the third quarter worth approximately $41,000. New York State Common Retirement Fund bought a new stake in ANGI Homeservices during the third quarter worth approximately $51,000. California Public Employees Retirement System boosted its holdings in ANGI Homeservices by 3.6% during the third quarter. California Public Employees Retirement System now owns 146,262 shares of the technology company's stock worth $1,623,000 after buying an additional 5,062 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in ANGI Homeservices by 46.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 17,794 shares of the technology company's stock worth $198,000 after buying an additional 5,624 shares in the last quarter. Institutional investors and hedge funds own 19.79% of the company's stock.
ANGI has been the topic of several research reports. BidaskClub upgraded shares of ANGI Homeservices from a "hold" rating to a "buy" rating in a research note on Thursday, November 5th. KeyCorp dropped their price objective on shares of ANGI Homeservices from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 4th. Piper Sandler initiated coverage on shares of ANGI Homeservices in a research note on Thursday, September 24th. They set a "neutral" rating and a $12.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ANGI Homeservices from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, November 10th. Finally, Credit Suisse Group dropped their price objective on shares of ANGI Homeservices from $19.00 to $17.00 and set an "outperform" rating on the stock in a research note on Monday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company's stock. The stock currently has an average rating of "Buy" and a consensus price target of $14.29.
Shares of ANGI Homeservices stock traded up $0.09 on Friday, hitting $11.38. The company had a trading volume of 62,381 shares, compared to its average volume of 2,949,562. The business has a 50-day simple moving average of $11.05 and a 200-day simple moving average of $12.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.82 and a quick ratio of 3.82. The company has a market cap of $5.64 billion, a PE ratio of 1,130.13 and a beta of 1.92. 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 data on Thursday, November 5th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $389.91 million during the quarter, compared to analysts' expectations of $391.71 million. ANGI Homeservices had a net margin of 0.56% and a return on equity of 0.62%. The business's revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. On average, equities research analysts predict that ANGI Homeservices will post -0.01 earnings per share for the current fiscal year.
About ANGI Homeservices
ANGI Homeservices Inc operates a digital marketplace for home services, connecting consumers with home service professionals in the United States and internationally. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects; and provides consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as offers online appointment booking.
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