Inspire Investing LLC Decreases Holdings in Angi Inc. (NASDAQ:ANGI)

Inspire Investing LLC lessened its position in Angi Inc. (NASDAQ:ANGI - Free Report) by 46.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,403 shares of the technology company's stock after selling 212,697 shares during the quarter. Inspire Investing LLC owned approximately 0.05% of Angi worth $414,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after acquiring an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new stake in Angi in the 3rd quarter valued at about $46,000. Trust Co of the South boosted its stake in shares of Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after buying an additional 25,500 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi during the second quarter worth about $85,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Angi during the third quarter worth approximately $116,000. Institutional investors and hedge funds own 12.84% of the company's stock.

Angi Stock Performance

NASDAQ:ANGI traded up $0.03 during mid-day trading on Friday, reaching $1.88. 707,336 shares of the stock were exchanged, compared to its average volume of 843,200. 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 Inc. has a 1 year low of $1.49 and a 1 year high of $3.10. The company has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $2.21. The stock has a market capitalization of $934.87 million, a P/E ratio of 26.86 and a beta of 1.86.

Angi (NASDAQ:ANGI - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $296.72 million during 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 quarter in the prior year, the firm earned ($0.01) EPS. Analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Angi from $2.00 to $1.70 and set a "neutral" rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group cut shares of Angi from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Benchmark dropped their target price on Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. UBS Group raised Angi to a "hold" rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Angi presently has an average rating of "Hold" and a consensus target price of $3.06.

About Angi

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.