Angi Inc. (NASDAQ:ANGI) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its position in shares of Angi Inc. (NASDAQ:ANGI) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 4,729,386 shares of the technology company’s stock after acquiring an additional 84,328 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Angi were worth $12,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Angi in the 2nd quarter valued at about $26,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the second quarter valued at about $85,000. Verition Fund Management LLC acquired a new stake in shares of Angi during the third quarter valued at about $116,000. Assenagon Asset Management S.A. purchased a new stake in shares of Angi in the 2nd quarter valued at approximately $183,000. Finally, Cowen AND Company LLC acquired a new position in shares of Angi in the 2nd quarter worth approximately $267,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Stock Performance

Shares of ANGI opened at $1.98 on Tuesday. Angi Inc. has a 1 year low of $1.65 and a 1 year high of $3.10. The stock has a market capitalization of $984.59 million, a PE ratio of 28.29 and a beta of 1.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $2.29.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The company had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, analysts predict that Angi Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ANGI. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their target price for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. JMP Securities cut their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Benchmark lowered their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.11.

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.