Angi Inc. (NASDAQ:ANGI) CTO Sells $25,023.24 in Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total value of $25,023.24. Following the transaction, the chief technology officer now owns 160,506 shares in the company, valued at $341,877.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

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

Angi Price Performance

Angi stock opened at $2.54 on Friday. Angi Inc. has a 52 week low of $1.54 and a 52 week high of $4.18. The company’s 50 day moving average price is $2.44 and its two-hundred day moving average price is $2.32. The stock has a market cap of $1.28 billion, a P/E ratio of -31.75 and a beta of 1.97. 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 quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping 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 business had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. On average, equities analysts predict that Angi Inc. will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANGI. The Goldman Sachs Group lifted their price target on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, February 16th. UBS Group boosted their target price 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. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. KeyCorp decreased their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday. Finally, Royal Bank of Canada raised their target price on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.11.

Hedge Funds Weigh In On Angi

Several institutional investors have recently added to or reduced their stakes in the stock. Pale Fire Capital SE grew its position in shares of Angi by 377.0% during the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after acquiring an additional 4,966,764 shares during the period. FMR LLC grew its holdings in Angi by 44.6% during the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after purchasing an additional 1,983,031 shares during the period. GSA Capital Partners LLP increased its position in Angi by 469.5% in the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after buying an additional 421,841 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Angi in the fourth quarter valued at $778,000. Finally, One Fin Capital Management LP lifted its position in shares of Angi by 30.0% during the 3rd quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock valued at $2,574,000 after buying an additional 300,000 shares during the last quarter. Institutional investors own 12.84% of the company’s stock.

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.