Angi (NASDAQ:ANGI) Sees Strong Trading Volume

Angi Inc. (NASDAQ:ANGI) saw strong trading volume on Monday . 402,472 shares were traded during mid-day trading, a decline of 50% from the previous session’s volume of 805,227 shares.The stock last traded at $2.24 and had previously closed at $2.16.

Wall Street Analyst Weigh In

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

Angi Trading Down 2.9 %

The firm has a market cap of $1.01 billion, a PE ratio of -25.13 and a beta of 1.96. The company’s fifty day moving average price is $2.59 and its two-hundred day moving average price is $2.30. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. As a group, sell-side analysts forecast that Angi Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 12,000 shares of Angi stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $2.41, for a total value of $28,920.00. Following the sale, the chief technology officer now owns 39,242 shares of the company’s stock, valued at $94,573.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 35,496 shares of company stock valued at $89,540 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in shares of Angi in the fourth quarter valued at about $26,000. DAVENPORT & Co LLC acquired a new stake in shares of Angi in the third quarter valued at about $27,000. BNP Paribas Financial Markets lifted its stake in shares of Angi by 1,183.3% in the fourth 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 lifted its stake in shares of Angi by 140.5% in the fourth 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 during the period. Finally, Barclays PLC lifted its stake in shares of Angi by 26,211.1% in the second quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock valued at $47,000 after purchasing an additional 14,154 shares during the period. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.