Angi Inc. (NASDAQ:ANGI – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,740,000 shares, an increase of 8.8% from the December 15th total of 8,030,000 shares. Approximately 13.6% of the company’s shares are sold short. Based on an average daily trading volume, of 920,700 shares, the short-interest ratio is currently 9.5 days.
Institutional Trading of Angi
Several institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its stake in Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares during the last quarter. Inspire Investing LLC increased its position in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Angi in the 3rd quarter valued at approximately $645,000. Finally, AQR Capital Management LLC boosted its position in Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on ANGI shares. KeyCorp cut their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. JMP Securities reiterated a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research note on Monday, December 16th. Citigroup dropped their price objective on Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.06.
Angi Stock Performance
NASDAQ ANGI opened at $1.83 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi has a 12-month low of $1.49 and a 12-month high of $3.10. The firm has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $2.22. The company has a market capitalization of $910.00 million, a P/E ratio of 26.14 and a beta of 1.86.
Angi (NASDAQ:ANGI – Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $296.72 million for the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the prior year, the company posted ($0.01) earnings per share. Analysts anticipate that Angi will post 0.08 earnings per share for the current year.
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.
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