Angi Inc. (NASDAQ:ANGI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in Angi Inc. (NASDAQ:ANGI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,164,876 shares of the technology company's stock after selling 87,059 shares during the quarter. Renaissance Technologies LLC owned about 0.64% of Angi worth $5,254,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp grew its position in Angi by 38.8% in the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company's stock valued at $47,000 after acquiring an additional 7,944 shares in the last quarter. Barclays PLC boosted its stake in shares of Angi by 1,255.5% in the third quarter. Barclays PLC now owns 16,401 shares of the technology company's stock valued at $42,000 after purchasing an additional 15,191 shares during the period. Raymond James Financial Inc. acquired a new stake in Angi during the 4th quarter valued at $27,000. PNC Financial Services Group Inc. increased its stake in Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company's stock worth $147,000 after buying an additional 17,605 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Angi by 9,308.0% in the 4th 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 in the last quarter. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Performance

Shares of ANGI traded up $0.42 during mid-day trading on Wednesday, reaching $12.56. 1,113,837 shares of the company's stock traded hands, compared to its average volume of 223,896. 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 business's 50-day moving average price is $15.07 and its 200-day moving average price is $18.16. The stock has a market capitalization of $624.57 million, a P/E ratio of 157.02 and a beta of 1.88. Angi Inc. has a 12 month low of $11.00 and a 12 month high of $29.15.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ANGI shares. Royal Bank of Canada dropped their target price on Angi from $27.50 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. StockNews.com upgraded Angi from a "hold" rating to a "buy" rating in a report on Wednesday. JMP Securities reduced their target price on Angi from $30.00 to $27.50 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup raised their price target on shares of Angi from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.25.

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.