UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Angi Inc. (NASDAQ:ANGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Angi Inc. (NASDAQ:ANGI) by 46.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,529 shares of the technology company’s stock after buying an additional 83,704 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of Angi worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Inspire Investing LLC lifted its position in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after acquiring an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Angi in the second quarter worth $183,000. Dimensional Fund Advisors LP lifted its holdings in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after purchasing an additional 494,739 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Angi during the second quarter valued at $26,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi in the 3rd quarter worth about $645,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Up 3.7 %

ANGI opened at $1.70 on Friday. Angi Inc. has a 1-year low of $1.62 and a 1-year high of $3.10. The firm’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.26. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $845.36 million, a PE ratio of 24.29 and a beta of 1.86.

Angi (NASDAQ:ANGI) last announced its earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the firm earned ($0.01) EPS. As a group, equities analysts forecast that Angi Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and set a $3.00 target price on shares of Angi in a research note on Monday. UBS Group upgraded shares of Angi to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, Benchmark cut their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Angi has an average rating of “Hold” and a consensus target price of $3.11.

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.