Susquehanna Fundamental Investments LLC Takes $85,000 Position in Angi Inc. (NASDAQ:ANGI)

Susquehanna Fundamental Investments LLC purchased a new stake in Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 44,501 shares of the technology company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANGI. Inspire Investing LLC bought a new position in shares of Angi in the 1st quarter valued at about $1,234,000. GSA Capital Partners LLP grew its holdings in Angi by 469.5% during the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after acquiring an additional 421,841 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Angi during the 2nd quarter valued at $183,000. 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 valued at $17,612,000 after purchasing an additional 95,514 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Angi in the 1st quarter worth $162,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JMP Securities started coverage on Angi in a research note on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Angi has a consensus rating of “Moderate Buy” and an average target price of $3.78.

Angi Stock Performance

Shares of Angi stock opened at $2.49 on Friday. The stock’s fifty day simple moving average is $2.54 and its 200 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. The company has a market capitalization of $1.25 billion, a PE ratio of -49.80 and a beta of 1.95. Angi Inc. has a 12 month low of $1.54 and a 12 month high of $3.10.

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

Insider Transactions at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now directly owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by insiders.

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.