Angi (NASDAQ:ANGI) Trading Down 6.5%

Angi Inc. (NASDAQ:ANGI)’s share price traded down 6.5% during trading on Monday . The stock traded as low as $2.72 and last traded at $2.73. 201,939 shares were traded during trading, a decline of 74% from the average session volume of 777,473 shares. The stock had previously closed at $2.92.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Truist Financial lowered their price target on shares of Angi from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. UBS Group lifted their price target on shares of Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Benchmark lowered their price target on shares of Angi from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.23.

Angi Price Performance

The business’s 50-day moving average price is $2.52 and its 200 day moving average price is $2.24. The stock has a market capitalization of $1.32 billion, a PE ratio of -32.25 and a beta of 1.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 12,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $2.41, for a total transaction of $28,920.00. Following the completion of the transaction, the chief technology officer now directly owns 39,242 shares of the company’s stock, valued at $94,573.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Angi by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,626,733 shares of the technology company’s stock worth $16,501,000 after buying an additional 21,644 shares in the last quarter. FMR LLC raised its stake in Angi by 44.6% in the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after buying an additional 1,983,031 shares in the last quarter. Pale Fire Capital SE raised its stake in Angi by 377.0% in the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock worth $15,648,000 after buying an additional 4,966,764 shares in the last quarter. Renaissance Technologies LLC raised its stake in Angi by 1.1% in the second quarter. Renaissance Technologies LLC now owns 2,645,235 shares of the technology company’s stock worth $8,729,000 after buying an additional 28,600 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Angi by 11.5% in the first quarter. BlackRock Inc. now owns 1,563,126 shares of the technology company’s stock worth $3,548,000 after buying an additional 161,738 shares in the last quarter. 11.42% of the stock is owned by institutional investors.

About Angi

Angi Inc connects home service professionals with consumers in the United States and internationally. The company's Ads and Leads, which connects consumers with service professionals for local services through nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as quoting, invoicing, and payment services.