Dimensional Fund Advisors LP Raises Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Dimensional Fund Advisors LP lifted its stake in Angi Inc. (NASDAQ:ANGI) by 36.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,855,694 shares of the technology company’s stock after buying an additional 494,739 shares during the quarter. Dimensional Fund Advisors LP owned about 0.37% of Angi worth $3,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ANGI. Vanguard Group Inc. raised its holdings in Angi by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after acquiring an additional 95,514 shares during the period. GSA Capital Partners LLP boosted its stake in Angi by 469.5% in the 1st quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after purchasing an additional 421,841 shares during the period. Inspire Investing LLC bought a new stake in shares of Angi during the first quarter valued at approximately $1,234,000. Picton Mahoney Asset Management lifted its holdings in shares of Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after buying an additional 10,793 shares in the last quarter. Finally, Cowen AND Company LLC bought a new position in shares of Angi during the second quarter worth $267,000. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Trading Down 0.4 %

Shares of ANGI stock opened at $2.47 on Friday. The business’s fifty day moving average price is $2.56 and its 200 day moving average price is $2.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $1.24 billion, a PE ratio of -49.40 and a beta of 1.95. Angi Inc. has a 1-year low of $1.54 and a 1-year high of $3.10.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $315.13 million for the quarter, compared to the consensus estimate of $305.06 million. During the same period last year, the business posted ($0.03) EPS.

Analyst Ratings Changes

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

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the sale, the chief technology officer now directly owns 125,262 shares of the company’s stock, valued at $290,607.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

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.