Delta Investment Management LLC Purchases 35,000 Shares of Angi Inc. (NASDAQ:ANGI)

Delta Investment Management LLC lifted its stake in shares of Angi Inc. (NASDAQ:ANGI) by 318.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,000 shares of the technology company’s stock after acquiring an additional 35,000 shares during the period. Delta Investment Management LLC’s holdings in Angi were worth $115,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Angi by 2.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after acquiring an additional 6,587 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Angi in the 3rd quarter worth approximately $27,000. Barclays PLC increased its stake in shares of Angi by 26,211.1% in the 2nd quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock valued at $47,000 after acquiring an additional 14,154 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Angi by 76.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock valued at $270,000 after purchasing an additional 59,029 shares in the last quarter. Finally, Trust Co of the South bought a new stake in Angi during the 4th quarter valued at $226,000. Institutional investors own 12.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANGI. Royal Bank of Canada boosted their price target on shares of Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. 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 objective on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, UBS Group increased their price target on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.23.

Insiders Place Their Bets

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84. Following the sale, the chief technology officer now owns 160,060 shares of the company’s stock, valued at approximately $412,954.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 35,496 shares of company stock worth $89,540 in the last ninety days. 1.90% of the stock is owned by company insiders.

Angi Stock Performance

Shares of NASDAQ ANGI traded up $0.11 during mid-day trading on Friday, reaching $2.17. The company’s stock had a trading volume of 1,213,470 shares, compared to its average volume of 1,007,232. The stock has a fifty day moving average of $2.50 and a two-hundred day moving average of $2.30. Angi Inc. has a 52 week low of $1.54 and a 52 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.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The business had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. On average, analysts anticipate that Angi Inc. will post -0.01 EPS for the current fiscal year.

Angi 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.