Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $1.53 and last traded at $16.69, with a volume of 2253763 shares trading hands. The stock had previously closed at $1.60.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Citigroup raised their target price on shares of Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. JMP Securities decreased their price objective on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. Finally, StockNews.com lowered Angi from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Angi has a consensus rating of "Hold" and an average price target of $30.50.
Check Out Our Latest Report on Angi
Angi Price Performance
The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average is $17.23 and its 200-day moving average is $20.04. The firm has a market cap of $808.66 million, a P/E ratio of 203.59 and a beta of 1.91.
Institutional Trading of Angi
Several institutional investors have recently modified their holdings of ANGI. ArrowMark Colorado Holdings LLC boosted its stake in Angi by 5.7% during the fourth 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 in the last quarter. Westerly Capital Management LLC boosted its position in shares of Angi by 20.9% during 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 acquiring an additional 490,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock valued at $2,859,000 after acquiring an additional 914,037 shares during the period. Two Sigma Investments LP increased its stake in Angi by 27.7% in 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. Finally, Two Sigma Advisers LP raised its position in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Institutional investors and hedge funds own 12.84% of the company's stock.
About Angi
(
Get Free Report)
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.
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