Angi (NASDAQ:ANGI) Trading Up 3.1%

Angi Inc. (NASDAQ:ANGI) shares traded up 3.1% during trading on Monday . The company traded as high as $2.34 and last traded at $2.31. 136,232 shares were traded during trading, a decline of 83% from the average session volume of 780,238 shares. The stock had previously closed at $2.24.

Wall Street Analysts Forecast Growth

ANGI has been the topic of several research reports. JMP Securities started coverage on shares of Angi in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price objective on the stock. Citigroup dropped their price target on shares of Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, KeyCorp reduced their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.03.

Angi Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $1.12 billion, a P/E ratio of -46.00 and a beta of 2.01. The company’s 50 day moving average is $2.04 and its two-hundred day moving average is $2.31.

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the transaction, the chief technology officer now directly owns 160,506 shares of the company’s stock, valued at $341,877.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 35,244 shares of company stock valued at $70,958. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Angi by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after purchasing an additional 6,587 shares during the period. Delta Investment Management LLC grew its position in Angi by 318.2% in the fourth quarter. Delta Investment Management LLC now owns 46,000 shares of the technology company’s stock valued at $115,000 after acquiring an additional 35,000 shares during the period. Victory Capital Management Inc. acquired a new position in Angi during the fourth quarter worth $26,000. M&T Bank Corp lifted its holdings in shares of Angi by 54.3% during the fourth quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock valued at $1,120,000 after acquiring an additional 158,154 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Angi in the 4th quarter valued at $778,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

About Angi

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.