Angi (NASDAQ:ANGI) Research Coverage Started at JMP Securities

Research analysts at JMP Securities assumed coverage on shares of Angi (NASDAQ:ANGIGet Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating and a $3.25 price target on the technology company’s stock. JMP Securities’ price objective suggests a potential upside of 70.16% from the stock’s previous close.

A number of other equities research analysts have also weighed in on ANGI. Citigroup lowered their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, May 9th. KeyCorp reduced their price objective on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.03.

Check Out Our Latest Stock Report on Angi

Angi Stock Performance

Shares of Angi stock opened at $1.91 on Tuesday. The firm has a market capitalization of $958.32 million, a price-to-earnings ratio of -38.20 and a beta of 2.01. Angi has a one year low of $1.54 and a one year high of $4.18. The business has a 50-day simple moving average of $2.11 and a 200 day simple moving average of $2.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99.

Insider Buying and Selling

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the sale, the chief technology officer now owns 160,506 shares of the company’s stock, valued at approximately $341,877.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 35,244 shares of company stock worth $70,958. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd lifted its holdings in Angi by 21.4% during the first quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after purchasing an additional 17,102 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares during the period. Picton Mahoney Asset Management lifted its stake in shares of Angi by 3.5% during the 1st quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after buying an additional 10,793 shares in the last quarter. Inspire Investing LLC bought a new position in Angi in the 1st quarter worth approximately $1,234,000. Finally, SG Americas Securities LLC purchased a new position in Angi in the 1st quarter valued at approximately $162,000. Institutional investors own 12.84% of the company’s stock.

Angi Company Profile

(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.

Further Reading

Analyst Recommendations for Angi (NASDAQ:ANGI)

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