Shares of Angi Inc. (NASDAQ:ANGI - Get Free Report) were up 8.9% during mid-day trading on Thursday . The company traded as high as $1.75 and last traded at $1.78. Approximately 471,787 shares changed hands during trading, a decline of 54% from the average daily volume of 1,030,906 shares. The stock had previously closed at $1.63.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Angi from $1.70 to $2.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. JMP Securities dropped 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. KeyCorp reduced their price objective on Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. Finally, UBS Group raised Angi to a "hold" rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $3.05.
Get Our Latest Analysis on Angi
Angi Stock Performance
The firm has a market capitalization of $914.98 million, a P/E ratio of 26.29 and a beta of 1.86. The company has a 50-day moving average of $1.75 and a 200-day moving average of $2.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.
Hedge Funds Weigh In On Angi
A number of hedge funds and other institutional investors have recently made changes to their positions in ANGI. Raymond James Financial Inc. bought a new position in Angi during the 4th quarter worth approximately $27,000. Hsbc Holdings PLC bought a new position in Angi during the fourth quarter worth $30,000. Headlands Technologies LLC raised its stake in Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company's stock worth $31,000 after buying an additional 18,523 shares during the last quarter. Oxford Asset Management LLP acquired a new position in Angi in the fourth quarter valued at $33,000. Finally, Two Sigma Securities LLC bought a new stake in Angi during the fourth quarter valued at $41,000. 12.84% of the stock is owned by institutional investors and hedge funds.
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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