Angi (NASDAQ:ANGI) Sees Large Volume Increase – Time to Buy?

Angi Inc. (NASDAQ:ANGI) shares saw strong trading volume on Monday . 2,119,687 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 867,966 shares.The stock last traded at $1.70 and had previously closed at $1.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ANGI shares. KeyCorp cut their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. JMP Securities lowered their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup boosted their target price on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Angi presently has an average rating of “Hold” and an average price target of $3.05.

Angi Stock Down 3.0 %

The business’s 50 day simple moving average is $1.74 and its 200-day simple moving average is $2.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The company has a market cap of $800.60 million, a price-to-earnings ratio of 20.13 and a beta of 1.91.

Institutional Trading of Angi

Large investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC raised its holdings in shares of Angi by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after purchasing an additional 267,946 shares in the last quarter. Westerly Capital Management LLC raised its holdings in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock valued at $4,714,000 after buying an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after buying an additional 914,037 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after acquiring an additional 158,662 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after acquiring an additional 207,300 shares in the last quarter. 12.84% of the stock is owned by institutional investors.

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.