Charles Schwab Investment Management Inc. Has $1.10 Million Holdings in Angi Inc. (NASDAQ:ANGI)

Charles Schwab Investment Management Inc. trimmed its position in shares of Angi Inc. (NASDAQ:ANGI) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 425,939 shares of the technology company’s stock after selling 35,081 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.09% of Angi worth $1,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANGI. Assenagon Asset Management S.A. increased its position in Angi by 1,372.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after acquiring an additional 1,306,515 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Angi by 36.4% in 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 acquiring an additional 494,739 shares during the last quarter. Inspire Investing LLC increased its position in Angi by 152.5% during the 3rd 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 during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Angi in the 3rd quarter valued at $645,000. Finally, AQR Capital Management LLC increased its position in shares of Angi by 24.1% during the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after buying an additional 161,189 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ANGI shares. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. JMP Securities reiterated a “market outperform” rating and issued a $3.00 price objective on shares of Angi in a research note on Monday. KeyCorp decreased their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Finally, UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Four equities 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, Angi currently has a consensus rating of “Moderate Buy” and an average price target of $3.11.

Angi Price Performance

ANGI opened at $1.73 on Wednesday. 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 1 year low of $1.65 and a 1 year high of $3.10. The stock’s 50 day simple moving average is $2.17 and its 200 day simple moving average is $2.27. The firm has a market cap of $860.28 million, a price-to-earnings ratio of 24.71 and a beta of 1.86.

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

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.