Barclays PLC Increases Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Barclays PLC lifted its stake in shares of Angi Inc. (NASDAQ:ANGI) by 1,255.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,401 shares of the technology company’s stock after buying an additional 15,191 shares during the period. Barclays PLC’s holdings in Angi were worth $42,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Investing LLC boosted its position in Angi by 152.5% in the third quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $3,562,000 after purchasing an additional 494,739 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Angi by 46.8% in the third 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. Assenagon Asset Management S.A. boosted its position in Angi by 1,372.4% in the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock worth $3,616,000 after purchasing an additional 1,306,515 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Angi in the second quarter worth $26,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Stock Performance

NASDAQ:ANGI opened at $1.56 on Friday. 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 Inc. has a 52-week low of $1.51 and a 52-week high of $3.10. The firm has a market cap of $775.74 million, a price-to-earnings ratio of 22.29 and a beta of 1.86. The business’s fifty day moving average is $1.89 and its 200 day moving average is $2.22.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $3.00 price target on shares of Angi in a research report on Monday, December 16th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup dropped their price target on Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Angi currently has a consensus rating of “Hold” and a consensus target price of $3.06.

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.