Fmr LLC Sells 483,486 Shares of Angi Inc. (NASDAQ:ANGI)

FMR LLC lowered its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,905,966 shares of the technology company's stock after selling 483,486 shares during the quarter. FMR LLC owned about 0.78% of Angi worth $10,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Angi during the second quarter valued at approximately $26,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Angi during the second quarter worth $85,000. Assenagon Asset Management S.A. acquired a new position in shares of Angi in the 2nd quarter valued at $183,000. Cowen AND Company LLC bought a new stake in shares of Angi in the 2nd quarter valued at $267,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Angi during the 3rd quarter worth $645,000. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Down 1.1 %

NASDAQ:ANGI traded down $0.02 during trading hours on Thursday, reaching $1.84. 695,082 shares of the stock were exchanged, compared to its average volume of 773,712. The stock has a market cap of $914.97 million, a PE ratio of 25.93 and a beta of 1.86. Angi Inc. has a twelve month low of $1.65 and a twelve month high of $3.10. The firm has a 50 day moving average of $2.23 and a 200 day moving average of $2.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, equities analysts expect that Angi Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup cut Angi from a "buy" rating to a "neutral" rating and decreased their target price for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. JMP Securities decreased their price objective on Angi from $3.25 to $3.00 and set a "market outperform" rating for the company in a research report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a "hold" rating in a report on Monday, October 28th. The Goldman Sachs Group cut shares of Angi from a "buy" rating to a "neutral" rating and reduced their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, KeyCorp lowered their price objective on shares of Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Four 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 presently has an average rating of "Moderate Buy" and an average price target of $3.11.

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.