Angi Inc. (NASDAQ:ANGI) Short Interest Update

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 10,860,000 shares, a growth of 19.6% from the January 31st total of 9,080,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 9.4 days. Approximately 16.6% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms have weighed in on ANGI. StockNews.com downgraded Angi from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group downgraded Angi from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup lifted their price objective on Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Benchmark dropped their target price on Angi from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Finally, KeyCorp dropped their target price on Angi from $3.00 to $2.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.05.

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Angi Trading Up 3.7 %

Angi stock traded up $0.06 during trading on Friday, hitting $1.66. The company's stock had a trading volume of 1,442,408 shares, compared to its average volume of 1,260,241. The stock has a market capitalization of $825.47 million, a price-to-earnings ratio of 20.75 and a beta of 1.91. The stock's fifty day moving average is $1.74 and its 200 day moving average is $2.10. Angi has a 1-year low of $1.49 and a 1-year high of $2.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in Angi during the fourth quarter valued at about $74,000. Two Sigma Advisers LP grew its position in Angi by 40.1% during the fourth 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. 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 acquiring an additional 158,662 shares during the period. State of Wyoming purchased a new stake in Angi during the fourth quarter valued at about $69,000. Finally, Graham Capital Management L.P. purchased a new stake in Angi during the fourth quarter valued at about $46,000. Hedge funds and other 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.