Insider Selling: Angi Inc. (NASDAQ:ANGI) Director Sells $116,000.00 in Stock

Angi Inc. (NASDAQ:ANGI) Director Bowman Angela R. Hicks sold 10,000 shares of Angi stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $11.60, for a total value of $116,000.00. Following the transaction, the director now directly owns 261,773 shares of the company’s stock, valued at approximately $3,036,566.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ANGI opened at $12.22 on Friday. The business’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $13.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.45 and a current ratio of 2.45. Angi Inc. has a one year low of $9.28 and a one year high of $19.17. The stock has a market capitalization of $6.16 billion, a P/E ratio of -152.75 and a beta of 1.94.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, August 4th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). Angi had a negative return on equity of 3.06% and a negative net margin of 2.46%. The company had revenue of $420.99 million for the quarter, compared to analysts’ expectations of $423.45 million. During the same period in the prior year, the business earned $0.02 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Angi Inc. will post -0.15 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parnassus Investments CA boosted its holdings in Angi by 8.0% in the 1st quarter. Parnassus Investments CA now owns 11,453,616 shares of the technology company’s stock valued at $148,897,000 after purchasing an additional 850,347 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Angi by 111.9% in the 1st quarter. Brown Advisory Inc. now owns 7,086,524 shares of the technology company’s stock valued at $92,125,000 after purchasing an additional 3,742,285 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Angi by 2.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,435,839 shares of the technology company’s stock valued at $46,453,000 after purchasing an additional 94,340 shares in the last quarter. Bank of America Corp DE boosted its holdings in Angi by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 2,584,117 shares of the technology company’s stock valued at $34,937,000 after purchasing an additional 59,579 shares in the last quarter. Finally, 683 Capital Management LLC boosted its holdings in Angi by 9.6% in the 2nd quarter. 683 Capital Management LLC now owns 2,272,803 shares of the technology company’s stock valued at $30,728,000 after purchasing an additional 200,000 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on ANGI shares. Royal Bank of Canada cut their price target on Angi from $15.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, August 6th. Wells Fargo & Company decreased their price target on Angi from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, August 9th. Citigroup decreased their price target on Angi from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 23rd. Truist Securities decreased their target price on Angi from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 6th. Finally, Zacks Investment Research lowered Angi from a “hold” rating to a “sell” rating in a research report on Thursday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.21.

Angi Company Profile

Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.

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Insider Buying and Selling by Quarter for Angi (NASDAQ:ANGI)

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