Assenagon Asset Management S.A. Sells 146,532 Shares of Angi Inc. (NASDAQ:ANGI)

Assenagon Asset Management S.A. cut its position in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,255,184 shares of the technology company's stock after selling 146,532 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of Angi worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANGI. ArrowMark Colorado Holdings LLC increased its position in shares of Angi by 1.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company's stock valued at $12,202,000 after acquiring an additional 84,328 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock valued at $3,562,000 after purchasing an additional 494,739 shares during the period. AQR Capital Management LLC increased its position in shares of Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company's stock valued at $1,593,000 after purchasing an additional 161,189 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company's stock worth $1,192,000 after purchasing an additional 279,083 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 worth $677,000 after buying an additional 83,704 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company's stock.

Angi Price Performance

NASDAQ ANGI traded up $0.02 on Thursday, hitting $1.85. The stock had a trading volume of 1,099,987 shares, compared to its average volume of 1,021,620. The firm has a 50-day moving average of $1.78 and a 200-day moving average of $2.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi Inc. has a 52-week low of $1.49 and a 52-week high of $3.10. The company has a market capitalization of $919.95 million, a price-to-earnings ratio of 26.43 and a beta of 1.86.

Angi (NASDAQ:ANGI - Get Free Report) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same period in the prior year, the company earned ($0.01) EPS. Equities analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ANGI. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Angi in a research report on Wednesday, December 18th. KeyCorp dropped their price target on Angi from $3.00 to $2.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Citigroup lowered their price objective on Angi from $2.00 to $1.70 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group lowered shares of 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 research report on Wednesday, November 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $3.00 price target on shares of Angi in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.06.

Angi Company Profile

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.