Quantbot Technologies LP Takes Position in Angi Inc. (NASDAQ:ANGI)

Quantbot Technologies LP acquired a new position in Angi Inc. (NASDAQ:ANGI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 44,231 shares of the technology company’s stock, valued at approximately $73,000.

Several other large investors also recently added to or reduced their stakes in ANGI. Jones Financial Companies Lllp increased its stake in Angi by 38.8% in the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock worth $47,000 after acquiring an additional 7,944 shares during the last quarter. Barclays PLC grew its holdings in shares of Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Angi in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. raised its stake in Angi by 24.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock valued at $147,000 after purchasing an additional 17,605 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Angi in the 3rd quarter worth approximately $46,000. Institutional investors own 12.84% of the company’s stock.

Angi Stock Down 3.2 %

Shares of NASDAQ:ANGI opened at $15.41 on Tuesday. Angi Inc. has a 12-month low of $14.90 and a 12-month high of $29.15. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $17.12 and its 200-day moving average price is $19.83. The stock has a market capitalization of $766.29 million, a P/E ratio of 192.65 and a beta of 1.91.

Analyst Ratings Changes

ANGI has been the topic of several research reports. Citigroup raised their price objective on shares of Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. JMP Securities reduced their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Angi has a consensus rating of “Hold” and a consensus price target of $30.50.

Angi 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.