Angi Inc. (NASDAQ:ANGI) Short Interest Update

Angi Inc. (NASDAQ:ANGI) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,290,000 shares, a drop of 89.5% from the February 28th total of 12,280,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 136,800 shares, the days-to-cover ratio is presently 9.4 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup increased their price objective on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut shares of Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, JMP Securities reduced their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.50.

Institutional Investors Weigh In On Angi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. Raymond James Financial Inc. bought a new position in shares of Angi in the 4th quarter valued at about $27,000. Hsbc Holdings PLC acquired a new position in Angi during the fourth quarter valued at approximately $30,000. Headlands Technologies LLC grew its stake in Angi by 9,308.0% in the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after purchasing an additional 18,523 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of Angi during the 4th quarter worth approximately $33,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Angi during the 4th quarter worth approximately $41,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Angi Stock Performance

Shares of ANGI stock opened at $16.43 on Thursday. Angi has a 12 month low of $14.90 and a 12 month high of $29.15. The company’s fifty day simple moving average is $17.26 and its 200-day simple moving average is $20.06. The firm has a market cap of $8.17 billion, a PE ratio of 205.40 and a beta of 1.91. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

About Angi

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.