Short Interest in Angi Inc. (NASDAQ:ANGI) Increases By 8.8%

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

Institutional Investors Weigh In On Angi

Several large investors have recently made changes to their positions in the company. Barclays PLC lifted 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 worth $42,000 after buying an additional 15,191 shares during the last quarter. Centiva Capital LP acquired a new stake in Angi during the 3rd quarter worth $46,000. Trust Co of the South boosted its stake in Angi by 98.9% during the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company's stock worth $85,000 after acquiring an additional 25,500 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the second quarter worth about $85,000. Finally, Verition Fund Management LLC acquired a new stake in Angi during the 3rd quarter worth approximately $116,000. Institutional investors own 12.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANGI. The Goldman Sachs Group cut shares of Angi from a "buy" rating to a "neutral" rating and lowered their target price for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Citigroup upped their price objective on Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. UBS Group upgraded shares of Angi to a "hold" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Finally, JMP Securities reissued a "market outperform" rating and issued a $3.00 price objective on shares of Angi in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Angi presently has an average rating of "Hold" and an average target price of $3.11.

Angi Stock Performance

NASDAQ:ANGI traded up $0.01 during mid-day trading on Wednesday, hitting $1.84. The stock had a trading volume of 357,655 shares, compared to its average volume of 936,298. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $2.20. The stock has a market capitalization of $914.98 million, a price-to-earnings ratio of 26.29 and a beta of 1.86. Angi has a 52 week low of $1.49 and a 52 week high of $3.10.

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. The business had revenue of $296.72 million during the quarter, compared to analysts' expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, research analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

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.