Short Interest in Angi Inc. (NASDAQ:ANGI) Grows By 8.8%

Angi Inc. (NASDAQ:ANGI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,740,000 shares, a growth of 8.8% from the December 15th total of 8,030,000 shares. Based on an average daily trading volume, of 920,700 shares, the short-interest ratio is presently 9.5 days. Approximately 13.6% of the company’s shares are short sold.

Angi Trading Down 1.1 %

ANGI opened at $1.83 on Monday. The stock has a market capitalization of $910.00 million, a P/E ratio of 26.14 and a beta of 1.86. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 12 month low of $1.49 and a 12 month high of $3.10. The firm’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $2.22.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The company had revenue of $296.72 million for the quarter, compared to analyst estimates 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 company posted ($0.01) earnings per share. As a group, research analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Barclays PLC grew its position in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP bought a new position in shares of Angi in the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi in the second quarter valued at about $85,000. Trust Co of the South raised its holdings in Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after acquiring an additional 25,500 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Angi during the third quarter valued at approximately $116,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 target price on shares of Angi in a report on Monday, December 16th. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Citigroup cut their price target on shares of Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Five research 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, the stock presently has a consensus rating of “Hold” and an average price target of $3.06.

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.