Angi Inc. (NASDAQ:ANGI) Sees Large Decrease in Short Interest

Angi Inc. (NASDAQ:ANGI - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,290,000 shares, a drop of 89.5% from the February 28th total of 12,280,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 136,800 shares, the short-interest ratio is currently 9.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ANGI. Citigroup increased their price target on Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com cut Angi from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. JMP Securities decreased their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.50.

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Angi Price Performance

Shares of NASDAQ:ANGI traded down $1.13 during mid-day trading on Friday, reaching $15.92. The stock had a trading volume of 372,083 shares, compared to its average volume of 98,104. The business's 50 day moving average price is $17.18 and its 200 day moving average price is $19.91. Angi has a 1 year low of $14.90 and a 1 year high of $29.15. The company has a market cap of $791.65 million, a P/E ratio of 199.02 and a beta of 1.91. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Angi

Several large investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in shares of Angi in the 4th quarter worth $74,000. Two Sigma Advisers LP lifted its holdings in shares of Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock valued at $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after acquiring an additional 158,662 shares during the last quarter. State of Wyoming purchased a new position in Angi in the fourth quarter worth about $69,000. Finally, Graham Capital Management L.P. bought a new stake in Angi during the fourth quarter worth approximately $46,000. Institutional investors own 12.84% of the company's stock.

Angi Company 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.