Angi (NASDAQ:ANGI) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Angi (NASDAQ:ANGI – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

ANGI has been the subject of several other reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $7.00 target price on shares of Angi in a report on Wednesday, February 15th. Wells Fargo & Company cut their target price on shares of Angi from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Thursday, January 19th. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of Angi in a report on Friday, February 10th. UBS Group raised shares of Angi from a “sell” rating to a “neutral” rating and lifted their target price for the company from $2.00 to $2.75 in a report on Wednesday, February 15th. Finally, Citigroup lifted their target price on shares of Angi from $2.60 to $3.40 and gave the company a “buy” rating in a report on Monday, February 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.79.

Angi Stock Performance

Shares of NASDAQ ANGI opened at $2.15 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -8.27 and a beta of 1.68. The company has a 50 day simple moving average of $2.65 and a two-hundred day simple moving average of $2.60. Angi has a 12 month low of $1.81 and a 12 month high of $6.31.

Insider Transactions at Angi

In other news, CTO Kulesh Shanmugasundaram sold 48,164 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $3.00, for a total transaction of $144,492.00. Following the completion of the sale, the chief technology officer now owns 22,416 shares of the company’s stock, valued at $67,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 48,570 shares of company stock valued at $145,710 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Angi

A number of large investors have recently modified their holdings of ANGI. Hidden Lake Asset Management LP purchased a new stake in shares of Angi during the third quarter worth $6,055,000. Deutsche Bank AG boosted its position in shares of Angi by 354.6% during the 2nd quarter. Deutsche Bank AG now owns 1,232,667 shares of the technology company’s stock valued at $5,645,000 after acquiring an additional 961,510 shares during the last quarter. General American Investors Co. Inc. boosted its position in shares of Angi by 178.4% during the 4th quarter. General American Investors Co. Inc. now owns 1,481,732 shares of the technology company’s stock valued at $3,482,000 after acquiring an additional 949,412 shares during the last quarter. Ulysses Management LLC boosted its position in shares of Angi by 52.8% during the 4th quarter. Ulysses Management LLC now owns 2,461,677 shares of the technology company’s stock valued at $5,785,000 after acquiring an additional 850,431 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Angi by 1,453.3% during the 4th quarter. AQR Capital Management LLC now owns 857,399 shares of the technology company’s stock valued at $2,015,000 after acquiring an additional 802,201 shares during the last quarter. Hedge funds and other institutional investors own 11.93% of the company’s stock.

About Angi

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Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.