Assenagon Asset Management S.A. Increases Stake in Angi Inc. (NASDAQ:ANGI)

Assenagon Asset Management S.A. raised its stake in shares of Angi Inc. (NASDAQ:ANGI - Free Report) by 1,372.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,401,716 shares of the technology company's stock after acquiring an additional 1,306,515 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of Angi worth $3,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ANGI. Inspire Investing LLC bought a new position in shares of Angi in the 1st quarter worth approximately $1,234,000. GSA Capital Partners LLP lifted its stake in shares of Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company's stock worth $1,341,000 after purchasing an additional 421,841 shares during the period. Vanguard Group Inc. lifted its stake in shares of Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company's stock worth $17,612,000 after purchasing an additional 95,514 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Angi by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company's stock worth $3,562,000 after purchasing an additional 494,739 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Angi in the 1st quarter worth approximately $162,000. Institutional investors own 12.84% of the company's stock.

Angi Stock Performance

NASDAQ ANGI traded down $0.03 on Thursday, reaching $2.38. 327,390 shares of the stock were exchanged, compared to its average volume of 711,148. Angi Inc. has a one year low of $1.54 and a one year high of $3.10. The firm has a market capitalization of $1.19 billion, a PE ratio of -47.60 and a beta of 1.95. The company's 50-day simple moving average is $2.57 and its two-hundred day simple moving average is $2.31. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48.

Angi (NASDAQ:ANGI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The business had revenue of $315.13 million during the quarter, compared to analyst estimates of $305.06 million. During the same period last year, the firm posted ($0.03) EPS.

Wall Street Analysts Forecast Growth

ANGI has been the topic of several recent research reports. JMP Securities initiated coverage on shares of Angi in a research note on Tuesday, July 9th. They issued an "outperform" rating and a $3.25 price objective on the stock. UBS Group upgraded shares of Angi to a "hold" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3.78.

Angi 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.