Angi Inc. (NASDAQ:ANGI – Get Free Report) CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the transaction, the chief technology officer now directly owns 160,506 shares of the company’s stock, valued at approximately $341,877.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kulesh Shanmugasundaram also recently made the following trade(s):
- On Monday, April 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.58, for a total value 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 value of $30,309.84.
- On Thursday, February 1st, Kulesh Shanmugasundaram sold 12,000 shares of Angi stock. The shares were sold at an average price of $2.41, for a total value of $28,920.00.
Angi Trading Up 11.9 %
Shares of Angi stock opened at $2.44 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -30.50 and a beta of 1.97. Angi Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $4.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50 day moving average of $2.45 and a 200 day moving average of $2.31.
Wall Street Analysts Forecast Growth
ANGI has been the subject of a number of analyst reports. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group upped their price target on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, February 16th. UBS Group upped their price target on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada upped their price target on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.23.
Get Our Latest Stock Analysis on Angi
Institutional Investors Weigh In On Angi
A number of institutional investors have recently modified their holdings of ANGI. Pale Fire Capital SE grew its stake in shares of Angi by 377.0% in the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after buying an additional 4,966,764 shares in the last quarter. FMR LLC grew its stake in shares of Angi by 44.6% in the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after buying an additional 1,983,031 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Angi in the fourth quarter valued at $778,000. One Fin Capital Management LP boosted its holdings in Angi by 30.0% in the third quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock valued at $2,574,000 after purchasing an additional 300,000 shares during the period. Finally, General American Investors Co. Inc. boosted its holdings in Angi by 20.7% in the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares during the period. 12.84% of the stock is 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.
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