Angi (NASDAQ:ANGI) Trading 5.8% Higher

Shares of Angi Inc. (NASDAQ:ANGI) traded up 5.8% on Friday . The company traded as high as $2.21 and last traded at $2.18. 343,928 shares were traded during mid-day trading, a decline of 57% from the average session volume of 807,813 shares. The stock had previously closed at $2.06.

Analyst Ratings Changes

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

Angi Price Performance

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 firm has a 50-day moving average of $2.54 and a 200-day moving average of $2.30. The stock has a market cap of $1.09 billion, a PE ratio of -27.38 and a beta of 1.96.

Angi (NASDAQ:ANGI) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. Research analysts predict that Angi Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’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 transaction of $30,309.84. Following the completion of the transaction, the chief technology officer now owns 166,034 shares in the company, valued at approximately $428,367.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 35,496 shares of company stock worth $89,540 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Angi

Several institutional investors have recently modified their holdings of the stock. Claro Advisors LLC lifted its stake in shares of Angi by 81.8% in the 1st quarter. Claro Advisors LLC now owns 124,659 shares of the technology company’s stock valued at $327,000 after purchasing an additional 56,074 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Angi during the 4th quarter worth approximately $199,000. Pale Fire Capital SE lifted its stake 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 worth $15,648,000 after acquiring an additional 4,966,764 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Angi by 140.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after acquiring an additional 10,447 shares during the last quarter. Finally, General American Investors Co. Inc. lifted its stake in shares of Angi by 20.7% during the 4th quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock worth $3,570,000 after acquiring an additional 246,335 shares during the last quarter. 12.84% of the stock is owned by institutional investors.

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.