Angi Inc. (NASDAQ:ANGI) Short Interest Update

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 8,740,000 shares, a growth of 8.8% from the December 15th total of 8,030,000 shares. Currently, 13.6% of the shares of the company are short sold. Based on an average trading volume of 920,700 shares, the short-interest ratio is currently 9.5 days.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ANGI. Citigroup dropped their price target on Angi from $2.00 to $1.70 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Benchmark dropped their price target on shares of Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. JMP Securities reissued a "market outperform" rating and issued a $3.00 target price on shares of Angi in a report on Monday, December 16th. Finally, KeyCorp dropped their price objective on Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $3.06.

Angi Stock Down 1.1 %

NASDAQ ANGI traded down $0.02 during trading hours on Friday, reaching $1.83. 546,215 shares of the company traded hands, compared to its average volume of 864,833. The stock has a market capitalization of $910.00 million, a PE ratio of 26.14 and a beta of 1.86. Angi has a 12 month low of $1.49 and a 12 month high of $3.10. The company has a 50 day moving average of $1.80 and a two-hundred day moving average of $2.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Barclays PLC grew its position in Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Angi in the third quarter worth approximately $46,000. Trust Co of the South raised its holdings in shares of Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock valued at $85,000 after acquiring an additional 25,500 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the second quarter valued at approximately $85,000. Finally, Verition Fund Management LLC acquired a new position in Angi in the 3rd quarter worth approximately $116,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.