Short Interest in Angi Inc. (NASDAQ:ANGI) Rises By 19.6%

Angi Inc. (NASDAQ:ANGI) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 10,860,000 shares, a growth of 19.6% from the January 31st total of 9,080,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 9.4 days. Approximately 16.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ANGI shares. Benchmark dropped their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. StockNews.com cut shares of Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Finally, KeyCorp lowered their price objective 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Angi has an average rating of “Hold” and a consensus price target of $3.05.

Institutional Trading of Angi

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after acquiring an additional 65,119 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 acquiring an additional 83,704 shares during the period. Barclays PLC lifted its stake in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after purchasing an additional 15,191 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Angi during the third quarter valued at approximately $645,000. Finally, Trust Co of the South lifted its stake in Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock valued at $85,000 after purchasing an additional 25,500 shares during the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Price Performance

NASDAQ ANGI opened at $1.60 on Friday. Angi has a 52 week low of $1.49 and a 52 week high of $2.92. 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 has a market cap of $795.63 million, a price-to-earnings ratio of 20.00 and a beta of 1.86. The company has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $2.11.

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.