Angi (NASDAQ:ANGI) Trading Up 8.9% – Here’s What Happened

Angi Inc. (NASDAQ:ANGI)’s stock price was up 8.9% during trading on Thursday . The company traded as high as $1.75 and last traded at $1.78. Approximately 471,787 shares changed hands during trading, a decline of 54% from the average daily volume of 1,030,906 shares. The stock had previously closed at $1.63.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ANGI shares. KeyCorp cut their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Benchmark dropped their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. JMP Securities dropped their target price on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, Citigroup raised their target price on shares of Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Angi has an average rating of “Hold” and a consensus price target of $3.07.

Angi Price Performance

The firm has a market capitalization of $914.98 million, a PE ratio of 26.29 and a beta of 1.86. The business’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $2.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Angi

A number of large investors have recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC boosted its stake in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock worth $12,202,000 after purchasing an additional 84,328 shares during the period. Westerly Capital Management LLC lifted its position in shares of Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after purchasing an additional 490,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after purchasing an additional 914,037 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Angi by 16.7% in the 4th quarter. M&T Bank Corp now owns 589,242 shares of the technology company’s stock worth $978,000 after purchasing an additional 84,304 shares during the period. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Company 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.