Tower Research Capital LLC TRC Increases Position in Angi Inc. (NASDAQ:ANGI)

Tower Research Capital LLC TRC boosted its holdings in shares of Angi Inc. (NASDAQ:ANGI) by 140.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,880 shares of the technology company’s stock after acquiring an additional 10,447 shares during the period. Tower Research Capital LLC TRC’s holdings in Angi were worth $45,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in Angi by 44.6% during the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after acquiring an additional 1,983,031 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Angi in the 3rd quarter valued at approximately $27,000. Wolverine Asset Management LLC grew its stake in shares of Angi by 61.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company’s stock valued at $532,000 after buying an additional 102,653 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Angi by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after buying an additional 6,587 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Angi by 76.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock valued at $270,000 after buying an additional 59,029 shares during the period. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Up 11.9 %

Shares of ANGI traded up $0.26 during midday trading on Thursday, reaching $2.44. The stock had a trading volume of 3,680,117 shares, compared to its average volume of 844,746. Angi Inc. has a 1-year low of $1.54 and a 1-year high of $4.18. The company’s fifty day simple moving average is $2.45 and its two-hundred day simple moving average is $2.31. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -30.75 and a beta of 1.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ANGI shares. 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 report on Friday, February 16th. UBS Group upped their price objective on shares of Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price objective 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. Finally, StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.23.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 166,034 shares in the company, valued at approximately $428,367.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 35,244 shares of company stock worth $85,643. 1.90% of the stock is currently owned by corporate insiders.

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.