Angi (NASDAQ:ANGI) Sees Large Volume Increase – What’s Next?

Shares of Angi Inc. (NASDAQ:ANGI) saw an uptick in trading volume on Monday . 224,794 shares traded hands during trading, an increase of 128% from the previous session’s volume of 98,645 shares.The stock last traded at $15.71 and had previously closed at $15.92.

Wall Street Analysts Forecast Growth

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

Angi Stock Down 3.5 %

The stock has a 50 day moving average price of $17.04 and a 200 day moving average price of $19.75. The company has a market cap of $705.63 million, a P/E ratio of 177.40 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Institutional Investors Weigh In On Angi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Angi in the 4th quarter worth approximately $27,000. Barclays PLC boosted its holdings in Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new position in Angi in the third quarter worth approximately $46,000. Hsbc Holdings PLC bought a new position in shares of Angi in the fourth quarter valued at $30,000. Finally, Headlands Technologies LLC lifted its position in shares of Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after acquiring an additional 18,523 shares during the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

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.