312,500 Shares in Angi Inc. (NASDAQ:ANGI) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new stake in Angi Inc. (NASDAQ:ANGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 312,500 shares of the technology company's stock, valued at approximately $778,000. Picton Mahoney Asset Management owned about 0.06% of Angi as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. purchased a new stake in Angi during the fourth quarter worth about $26,000. Delta Investment Management LLC grew its holdings in Angi by 318.2% during the fourth quarter. Delta Investment Management LLC now owns 46,000 shares of the technology company's stock valued at $115,000 after purchasing an additional 35,000 shares during the period. Trust Co of the South purchased a new stake in Angi in the fourth quarter worth $226,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Angi by 76.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company's stock valued at $270,000 after buying an additional 59,029 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in shares of Angi by 61.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company's stock valued at $532,000 after buying an additional 102,653 shares during the last quarter. Institutional investors own 12.84% of the company's stock.

Insider Buying and Selling

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the sale, the chief technology officer now owns 160,506 shares in the company, valued at approximately $341,877.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 35,244 shares of company stock valued at $85,643 over the last ninety days. 2.90% of the stock is owned by insiders.

Angi Price Performance

Shares of Angi stock traded up $0.01 on Thursday, hitting $2.55. 577,906 shares of the company traded hands, compared to its average volume of 870,319. The firm's 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.34. The company has a market cap of $1.28 billion, a P/E ratio of -31.88 and a beta of 1.97. Angi Inc. has a 12-month low of $1.54 and a 12-month high of $4.18. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The firm had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. Analysts expect that Angi Inc. will post -0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANGI has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a research report on Friday, February 16th. UBS Group lifted their price objective on shares of Angi from $2.60 to $3.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. StockNews.com raised shares of Angi from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price target on Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. Finally, Citigroup decreased their price objective on Angi from $4.00 to $3.25 and set a "buy" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.13.

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.