Angi (NASDAQ:ANGI) Sees Large Volume Increase – Time to Buy?

Angi Inc. (NASDAQ:ANGI) saw unusually-high trading volume on Monday . Approximately 255,270 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 230,750 shares.The stock last traded at $12.42 and had previously closed at $12.32.

Analyst Ratings Changes

Several research firms have weighed in on ANGI. Royal Bank of Canada decreased their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Citigroup cut their target price on shares of Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Angi currently has a consensus rating of “Hold” and an average price target of $27.25.

Angi Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The stock has a market cap of $581.31 million, a PE ratio of 146.19 and a beta of 1.88. The business has a fifty day moving average of $14.73 and a 200 day moving average of $17.86.

Hedge Funds Weigh In On Angi

Several hedge funds and other institutional investors have recently made changes to their positions in ANGI. Raymond James Financial Inc. acquired a new stake in Angi in the 4th quarter valued at about $27,000. Barclays PLC boosted its position in shares of Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Angi during the fourth quarter valued at approximately $30,000. Headlands Technologies LLC raised its stake in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after purchasing an additional 18,523 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Angi during the 4th quarter worth about $33,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.