Angi Inc. (NASDAQ:ANGI) Short Interest Update

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,550,000 shares, an increase of 20.2% from the March 15th total of 1,290,000 shares. Based on an average daily trading volume, of 445,800 shares, the days-to-cover ratio is presently 3.5 days. Approximately 43.8% of the shares of the company are sold short.

Angi Stock Down 0.2 %

ANGI traded down $0.02 during mid-day trading on Thursday, reaching $12.54. 788,554 shares of the stock were exchanged, compared to its average volume of 227,322. The company has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $18.04. The stock has a market capitalization of $623.58 million, a PE ratio of 156.77 and a beta of 1.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. Angi has a 1 year low of $11.00 and a 1 year high of $29.15.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted its stake in shares of Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company's stock worth $8,296,000 after buying an additional 267,946 shares during the last quarter. Westerly Capital Management LLC grew its stake in Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock valued at $4,714,000 after purchasing an additional 490,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after purchasing an additional 914,037 shares during the period. Two Sigma Investments LP grew its position in Angi by 27.7% during the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company's stock valued at $1,215,000 after buying an additional 158,662 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Angi by 40.1% during 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 period. 12.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com raised shares of Angi from a "hold" rating to a "buy" rating in a report on Wednesday. Citigroup lifted their price objective on Angi from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada reduced their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities dropped their price target on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $28.25.

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.