Angi (NASDAQ:ANGI) Shares Gap Down – Here’s What Happened

Angi Inc. (NASDAQ:ANGI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $2.62, but opened at $2.36. Angi shares last traded at $2.13, with a volume of 317,513 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.21.

Angi Stock Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $2.55 and a two-hundred day simple moving average of $2.34. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -207.00 and a beta of 1.95.

Institutional Trading of Angi

Several hedge funds have recently added to or reduced their stakes in ANGI. Inspire Investing LLC raised its holdings in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Angi during the second quarter worth about $183,000. Vanguard Group Inc. lifted its holdings in shares of Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Angi by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after buying an additional 494,739 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Angi during the first quarter worth about $162,000. Institutional investors own 12.84% of the company’s stock.

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.