Westerly Capital Management LLC Buys 490,000 Shares of Angi Inc. (NASDAQ:ANGI)

Westerly Capital Management LLC grew its stake in shares of Angi Inc. (NASDAQ:ANGI) by 20.9% during the fourth quarter, HoldingsChannel reports. The firm owned 2,840,000 shares of the technology company’s stock after purchasing an additional 490,000 shares during the quarter. Angi accounts for approximately 2.2% of Westerly Capital Management LLC’s holdings, making the stock its 18th biggest position. Westerly Capital Management LLC’s holdings in Angi were worth $4,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Angi in the 4th quarter worth about $27,000. Hsbc Holdings PLC purchased a new stake in Angi in the fourth quarter worth about $30,000. Headlands Technologies LLC increased its stake in shares of Angi by 9,308.0% during the fourth 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 in the last quarter. Oxford Asset Management LLP purchased a new position in shares of Angi during the fourth quarter valued at approximately $33,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Angi in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

Shares of ANGI opened at $11.89 on Wednesday. The business has a 50-day simple moving average of $14.50 and a two-hundred day simple moving average of $17.72. The stock has a market cap of $591.25 million, a price-to-earnings ratio of 148.64 and a beta of 1.88. Angi Inc. has a 52 week low of $11.00 and a 52 week high of $29.15. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

Several analysts recently commented on ANGI shares. JMP Securities cut their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Finally, Citigroup decreased their price target on Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.25.

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.