Angi Inc. (NASDAQ:ANGI) Short Interest Up 8.8% in January

Angi Inc. (NASDAQ:ANGI) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 8,740,000 shares, an increase of 8.8% from the December 31st total of 8,030,000 shares. Based on an average daily volume of 920,700 shares, the days-to-cover ratio is currently 9.5 days. Approximately 13.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark cut their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.11.

Angi Stock Performance

Angi stock opened at $1.74 on Tuesday. The stock’s 50 day moving average price is $1.77 and its 200 day moving average price is $2.20. Angi has a one year low of $1.49 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $865.25 million, a PE ratio of 24.86 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period in the previous year, the business earned ($0.01) EPS. As a group, sell-side analysts expect that Angi will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Angi by 24.1% in the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the second quarter valued at approximately $85,000. Inspire Investing LLC boosted its position in shares of Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. Institutional investors 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.