Insider Selling: Angi Inc. (NASDAQ:ANGI) CTO Sells 11,748 Shares of Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 166,034 shares in the company, valued at $428,367.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kulesh Shanmugasundaram also recently made the following trade(s):

• On Wednesday, March 6th, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The stock was sold at an average price of $2.58, for a total value of $30,309.84.
• On Thursday, February 1st, Kulesh Shanmugasundaram sold 12,000 shares of Angi stock. The shares were sold at an average price of $2.41, for a total value of $28,920.00.

Angi Price Performance

Angi stock opened at $2.37 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -29.63 and a beta of 1.96. The firm has a 50-day moving average of $2.63 and a two-hundred day moving average of $2.29. Angi Inc. has a 1 year low of $1.54 and a 1 year high of $4.18.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The firm had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. On average, research analysts forecast that Angi Inc. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Angi

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in shares of Angi during the fourth quarter valued at $26,000. DAVENPORT & Co LLC bought a new position in Angi during the 3rd quarter worth about $27,000. BNP Paribas Financial Markets increased its position in Angi by 1,183.3% during the 4th quarter. BNP Paribas Financial Markets now owns 17,158 shares of the technology company’s stock valued at $43,000 after purchasing an additional 15,821 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Angi by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after purchasing an additional 10,447 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Angi by 26,211.1% in the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock worth $47,000 after purchasing an additional 14,154 shares during the period. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ANGI. UBS Group lifted their price objective on shares of Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group increased their price objective on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada boosted their target price on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.23.

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.