Angi Inc. (NASDAQ:ANGI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.53 and last traded at $16.69, with a volume of 2253763 shares traded. The stock had previously closed at $1.60.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ANGI. JMP Securities reduced their target price on shares of Angi from $3.00 to $2.75 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. StockNews.com cut Angi from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Citigroup boosted their price target on shares of Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.05.
Read Our Latest Analysis on Angi
Angi Price Performance
The stock has a market capitalization of $8.09 billion, a P/E ratio of 203.28 and a beta of 1.91. The company's 50 day simple moving average is $2.32 and its two-hundred day simple moving average is $2.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.
Hedge Funds Weigh In On Angi
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of Angi in the fourth quarter valued at $74,000. Two Sigma Advisers LP grew its holdings in Angi by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company's stock worth $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP increased its position in Angi by 27.7% in the 4th 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 in the last quarter. State of Wyoming bought a new position in Angi in the 4th quarter worth approximately $69,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Angi in the 4th quarter valued at $46,000. 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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