Angi (NASDAQ:ANGI) Sees Large Volume Increase - Here's What Happened

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,119,687 shares were traded during trading, an increase of 144% from the previous session's volume of 867,966 shares.The stock last traded at $1.70 and had previously closed at $1.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ANGI shares. JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a research note on Wednesday, December 18th. StockNews.com cut Angi from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Citigroup increased their price target on Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. JMP Securities decreased their price target on Angi from $3.00 to $2.75 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, KeyCorp decreased their price target 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 assigned a buy rating to the stock. According to data from MarketBeat, Angi currently has an average rating of "Hold" and an average target price of $3.05.

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Angi Stock Performance

The stock has a market capitalization of $798.12 million, a price-to-earnings ratio of 20.07 and a beta of 1.91. The firm has a fifty day moving average of $1.73 and a 200 day moving average of $2.08. 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 hedge funds have recently bought and sold shares of ANGI. Arrowstreet Capital Limited Partnership boosted its position in Angi by 113.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company's stock worth $2,859,000 after purchasing an additional 914,037 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Angi during the fourth quarter worth approximately $1,079,000. Westerly Capital Management LLC boosted its position in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company's stock worth $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Angi during the fourth quarter worth approximately $469,000. Finally, ArrowMark Colorado Holdings LLC boosted its position 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 purchasing an additional 267,946 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

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.