Angi Inc. (NASDAQ:ANGI) Short Interest Update

Angi Inc. (NASDAQ:ANGI) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 8,740,000 shares, an increase of 8.8% from the December 15th total of 8,030,000 shares. Currently, 13.6% of the company’s stock are short sold. Based on an average daily trading volume, of 920,700 shares, the short-interest ratio is presently 9.5 days.

Analyst Ratings Changes

ANGI has been the subject of several recent analyst reports. Citigroup decreased their price target on Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group downgraded 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. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. KeyCorp lowered their target price on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, JMP Securities reissued a “market outperform” rating and set a $3.00 target price on shares of Angi in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.06.

Angi Stock Down 1.1 %

NASDAQ ANGI opened at $1.83 on Tuesday. The firm has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $2.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi has a twelve month low of $1.49 and a twelve month high of $3.10. The stock has a market cap of $910.00 million, a PE ratio of 26.14 and a beta of 1.86.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, research analysts forecast that Angi will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Angi

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its position in Angi by 1,255.5% in the 3rd 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 last quarter. Centiva Capital LP bought a new position in Angi in the third quarter valued at about $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the 2nd quarter worth approximately $85,000. Trust Co of the South raised its stake in shares of Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after buying an additional 25,500 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Angi in the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.