Angi (NASDAQ:ANGI) Sees Strong Trading Volume

Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 402,472 shares traded hands during mid-day trading, a decline of 50% from the previous session's volume of 805,227 shares.The stock last traded at $2.24 and had previously closed at $2.16.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Angi from $2.60 to $3.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Royal Bank of Canada increased their price objective on Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a research report on Thursday, February 15th. The Goldman Sachs Group boosted their target price on Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a research report on Friday, February 16th. Finally, StockNews.com raised Angi from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.23.

Angi Stock Performance

The business has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $1.04 billion, a PE ratio of -25.88 and a beta of 1.96.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $306.73 million. Equities research analysts forecast that Angi Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the completion of the transaction, the chief technology officer now owns 160,060 shares of the company's stock, valued at $412,954.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 35,496 shares of company stock valued at $89,540 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Angi

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Angi by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,626,733 shares of the technology company's stock valued at $16,501,000 after buying an additional 21,644 shares during the last quarter. FMR LLC grew its holdings in shares of Angi by 44.6% in the third quarter. FMR LLC now owns 6,430,138 shares of the technology company's stock valued at $12,732,000 after purchasing an additional 1,983,031 shares in the last quarter. Pale Fire Capital SE increased its position in Angi by 377.0% in the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company's stock worth $15,648,000 after purchasing an additional 4,966,764 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Angi by 1.1% during the second quarter. Renaissance Technologies LLC now owns 2,645,235 shares of the technology company's stock valued at $8,729,000 after purchasing an additional 28,600 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

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.