Assenagon Asset Management S.A. Has $2.08 Million Stake in Angi Inc. (NASDAQ:ANGI)

Assenagon Asset Management S.A. reduced its stake in shares of Angi Inc. (NASDAQ:ANGI) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,255,184 shares of the technology company’s stock after selling 146,532 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of Angi worth $2,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted its stake in shares of Angi by 1.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares during the period. Dimensional Fund Advisors LP raised 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 worth $3,562,000 after acquiring an additional 494,739 shares in the last quarter. AQR Capital Management LLC boosted its position in Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after purchasing an additional 161,189 shares during the last quarter. Inspire Investing LLC grew its stake in Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 279,083 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock worth $677,000 after purchasing an additional 83,704 shares during the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Stock Down 2.1 %

Angi stock opened at $1.83 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 2.05. Angi Inc. has a fifty-two week low of $1.49 and a fifty-two week high of $3.10. The firm has a fifty day moving average price of $1.78 and a two-hundred day moving average price of $2.21. The firm has a market cap of $910.00 million, a price-to-earnings ratio of 26.14 and a beta of 1.86.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. KeyCorp cut their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup decreased their price objective on shares of Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Angi presently has a consensus rating of “Hold” and a consensus target price of $3.06.

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.