Angi Inc. (NASDAQ:ANGI - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 532,261 shares traded hands during mid-day trading, a decline of 34% from the previous session's volume of 804,884 shares.The stock last traded at $2.30 and had previously closed at $2.18.
Analyst Ratings Changes
ANGI has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Friday, February 16th. Royal Bank of Canada boosted their target price on Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a research report on Thursday, February 15th. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. Finally, UBS Group boosted their target price on Angi from $2.60 to $3.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Angi has a consensus rating of "Moderate Buy" and an average target price of $4.23.
Check Out Our Latest Report on ANGI
Angi Price Performance
The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. The company has a 50-day moving average of $2.45 and a 200-day moving average of $2.31. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -30.75 and a beta of 1.97.
Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The business had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. As a group, research analysts anticipate that Angi Inc. will post -0.01 EPS for the current fiscal year.
Insider Activity at Angi
In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business's stock in a transaction that occurred on Monday, April 1st. 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 directly owns 166,034 shares in the company, valued at approximately $428,367.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 35,244 shares of company stock worth $85,643. 1.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Angi
A number of large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Angi by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company's stock worth $708,000 after acquiring an additional 6,587 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock worth $65,000 after purchasing an additional 7,649 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Angi by 140.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company's stock worth $45,000 after purchasing an additional 10,447 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Angi during the 4th quarter worth approximately $26,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of Angi during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 12.84% of the company's stock.
About Angi
(
Get Free Report)
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.
See Also
Before you consider Angi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Angi wasn't on the list.
While Angi currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
