Raymond James Financial Inc. Acquires New Position in Angi Inc. (NASDAQ:ANGI)

Raymond James Financial Inc. bought a new position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,163 shares of the technology company's stock, valued at approximately $27,000.

A number of other large investors have also modified their holdings of ANGI. JPMorgan Chase & Co. raised its stake in shares of Angi by 39.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock worth $589,000 after buying an additional 65,119 shares during the last quarter. Quantbot Technologies LP purchased a new position in Angi during the 4th quarter valued at about $73,000. PNC Financial Services Group Inc. raised its position in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after acquiring an additional 17,605 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Angi in the fourth quarter valued at about $210,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after purchasing an additional 914,037 shares during the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ANGI. Royal Bank of Canada decreased their price target on shares of Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. KeyCorp cut their price target on Angi from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group decreased their price objective on Angi from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Benchmark lifted their price objective on Angi from $6.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Angi has an average rating of "Hold" and an average price target of $21.36.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $16.11 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. Angi Inc. has a one year low of $10.88 and a one year high of $29.15. The business's 50-day moving average price is $13.87 and its two-hundred day moving average price is $16.94. The company has a market capitalization of $803.00 million, a P/E ratio of 201.40 and a beta of 1.84.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.24. The company had revenue of $245.91 million for the quarter, compared to analyst estimates of $239.73 million. Angi had a return on equity of 3.41% and a net margin of 3.04%. Analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

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.

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