Angi (NASDAQ:ANGI) Sees Large Volume Increase - Should You Buy?

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw strong trading volume on Monday . 462,138 shares were traded during mid-day trading, a decline of 37% from the previous session's volume of 737,827 shares.The stock last traded at $1.89 and had previously closed at $1.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JMP Securities decreased their target price on shares of Angi from $3.25 to $3.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. Citigroup lowered shares of Angi from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. Benchmark decreased their target price on shares of Angi from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of Angi from a "buy" rating to a "neutral" rating and reduced their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Finally, UBS Group raised shares of Angi to a "hold" rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3.25.

Angi Price Performance

The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. The company's fifty day moving average is $2.47 and its two-hundred day moving average is $2.32. The stock has a market cap of $952.46 million, a price-to-earnings ratio of 27.29 and a beta of 1.95.

Angi (NASDAQ:ANGI - Get Free Report) last posted its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter last year, the firm earned ($0.01) EPS. As a group, research analysts predict that Angi Inc. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Angi

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of Angi in the second quarter worth $26,000. Barclays PLC lifted its position in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company's stock worth $42,000 after purchasing an additional 15,191 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Angi during the 3rd quarter worth $46,000. BNP Paribas Financial Markets lifted its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company's stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi during the 2nd quarter worth $85,000. Institutional investors and hedge funds 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.