Quadrature Capital Ltd Makes New Investment in Angi Inc. (NASDAQ:ANGI)

Quadrature Capital Ltd bought a new position in Angi Inc. (NASDAQ:ANGI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 79,755 shares of the technology company’s stock, valued at approximately $199,000.

Several other large investors have also recently added to or reduced their stakes in ANGI. Pale Fire Capital SE increased its holdings in shares of Angi by 377.0% during the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after purchasing an additional 4,966,764 shares during the period. M&T Bank Corp increased its holdings in shares of Angi by 54.3% during the fourth quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock valued at $1,120,000 after purchasing an additional 158,154 shares during the period. General American Investors Co. Inc. increased its holdings in shares of Angi by 20.7% during the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares during the period. Victory Capital Management Inc. bought a new position in Angi during the fourth quarter valued at about $26,000. Finally, FMR LLC boosted its stake in Angi by 44.6% during the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after buying an additional 1,983,031 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Price Performance

Shares of ANGI stock opened at $1.85 on Friday. The company has a market capitalization of $928.22 million, a price-to-earnings ratio of -37.00 and a beta of 1.95. The stock’s 50 day simple moving average is $2.14 and its 200 day simple moving average is $2.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.99 and a current ratio of 1.99. Angi Inc. has a twelve month low of $1.55 and a twelve month high of $4.18.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ANGI. KeyCorp decreased their target price on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Citigroup decreased their target price on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.13.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 35,244 shares of company stock valued at $78,947 in the last 90 days. 2.90% of the stock is currently owned by insiders.

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.