Angi Inc. (NASDAQ:ANGI - Get Free Report)'s share price traded down 3.4% on Wednesday . The stock traded as low as $13.89 and last traded at $14.20. 196,600 shares changed hands during trading, an increase of 67% from the average session volume of 117,445 shares. The stock had previously closed at $14.70.
Wall Street Analyst Weigh In
Several equities analysts have commented on ANGI shares. StockNews.com raised shares of Angi from a "hold" rating to a "buy" rating in a research note on Friday. JMP Securities lowered their price objective on shares of Angi from $30.00 to $27.50 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Citigroup upped their target price on Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Angi currently has an average rating of "Moderate Buy" and an average target price of $30.50.
View Our Latest Analysis on Angi
Angi Stock Down 2.8 %
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 business has a 50-day simple moving average of $16.72 and a 200-day simple moving average of $19.45. The stock has a market cap of $589.66 million, a P/E ratio of 147.32 and a beta of 1.88.
Hedge Funds Weigh In On Angi
Several hedge funds and other institutional investors have recently modified their holdings of ANGI. JPMorgan Chase & Co. increased its holdings in Angi by 39.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company's stock valued at $589,000 after purchasing an additional 65,119 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Angi during the fourth quarter worth $73,000. PNC Financial Services Group Inc. lifted its stake in shares of Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock valued at $147,000 after acquiring an additional 17,605 shares during the period. Bank of New York Mellon Corp acquired a new position in Angi during the 4th quarter valued at about $210,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company's stock valued at $677,000 after purchasing an additional 83,704 shares during the last quarter. Institutional investors 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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