226,892 Shares in ANGI Homeservices Inc (NASDAQ:ANGI) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new position in shares of ANGI Homeservices Inc (NASDAQ:ANGI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 226,892 shares of the technology company’s stock, valued at approximately $1,608,000.

A number of other large investors have also bought and sold shares of ANGI. Riverhead Capital Management LLC acquired a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $29,000. JPMorgan Chase & Co. lifted its position in shares of ANGI Homeservices by 69.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,009 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,231 shares during the period. Aperio Group LLC acquired a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $56,000. Tyers Asset Management LLC acquired a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of ANGI Homeservices by 1,495.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,107 shares of the technology company’s stock worth $67,000 after purchasing an additional 4,787 shares during the period. Institutional investors and hedge funds own 15.23% of the company’s stock.

ANGI has been the topic of a number of recent analyst reports. Wedbush downgraded shares of ANGI Homeservices from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $22.00 to $10.00 in a research report on Friday, August 9th. BMO Capital Markets dropped their price target on shares of ANGI Homeservices from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Citigroup initiated coverage on shares of ANGI Homeservices in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $9.50 price target on the stock. Evercore ISI restated a “hold” rating and issued a $11.00 price target on shares of ANGI Homeservices in a research report on Monday, August 12th. Finally, ValuEngine upgraded shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. ANGI Homeservices has an average rating of “Buy” and a consensus target price of $14.38.

ANGI Homeservices stock opened at $7.62 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. ANGI Homeservices Inc has a 12-month low of $6.39 and a 12-month high of $18.62. The firm’s fifty day moving average is $7.27 and its 200 day moving average is $10.21. The company has a market capitalization of $3.90 billion, a PE ratio of 50.80 and a beta of 2.15.

ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. ANGI Homeservices had a net margin of 5.58% and a return on equity of 5.37%. The company had revenue of $357.40 million for the quarter, compared to the consensus estimate of $355.59 million. During the same quarter in the previous year, the company earned $0.05 EPS. ANGI Homeservices’s quarterly revenue was up 17.9% compared to the same quarter last year. Sell-side analysts expect that ANGI Homeservices Inc will post 0.07 EPS for the current fiscal year.

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $8.00, for a total transaction of $40,000.00. Following the transaction, the director now owns 439,081 shares in the company, valued at approximately $3,512,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Oisin Hanrahan sold 50,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.71, for a total transaction of $385,500.00. Following the transaction, the insider now owns 345,398 shares in the company, valued at approximately $2,663,018.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,587,858 shares of company stock worth $10,739,585 in the last quarter. 13.10% of the stock is owned by corporate insiders.

ANGI Homeservices Company Profile

ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.

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Institutional Ownership by Quarter for ANGI Homeservices (NASDAQ:ANGI)

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