Stock Traders Purchase High Volume of Angi Put Options (NASDAQ:ANGI)

Angi Inc. (NASDAQ:ANGI - Get Free Report) saw some unusual options trading on Monday. Stock investors bought 31,655 put options on the stock. This represents an increase of 2,009% compared to the typical volume of 1,501 put options.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANGI. Assenagon Asset Management S.A. grew its holdings in shares of Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company's stock valued at $3,616,000 after acquiring an additional 1,306,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Angi in the third quarter worth $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 period. Verition Fund Management LLC purchased a new stake in shares of Angi during the 3rd quarter valued at $116,000. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company's stock worth $12,202,000 after purchasing an additional 84,328 shares during the period. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Stock Down 0.9 %

ANGI traded down $0.02 during mid-day trading on Thursday, reaching $1.69. 606,775 shares of the stock were exchanged, compared to its average volume of 1,183,972. Angi has a 1 year low of $1.49 and a 1 year high of $2.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The stock has a market capitalization of $837.90 million, a PE ratio of 21.07 and a beta of 1.86. The company has a 50 day moving average price of $1.74 and a two-hundred day moving average price of $2.14.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. KeyCorp cut their price target on Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group cut Angi from a "buy" rating to a "neutral" rating and cut their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Benchmark reduced their price target on shares of Angi from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Angi in a report on Wednesday, December 18th. Finally, Citigroup boosted their target price on shares of Angi from $1.70 to $2.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.05.

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.