Trust Co of the South Sells 11,473 Shares of Angi Inc. (NASDAQ:ANGI)

Trust Co of the South trimmed its stake in shares of Angi Inc. (NASDAQ:ANGI) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,225 shares of the technology company’s stock after selling 11,473 shares during the period. Trust Co of the South’s holdings in Angi were worth $152,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Angi by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after purchasing an additional 6,587 shares during the period. BNP Paribas Financial Markets raised its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after acquiring an additional 7,649 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Angi by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after purchasing an additional 10,447 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Angi during the fourth quarter worth $26,000. Finally, Picton Mahoney Asset Management increased its holdings in Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after purchasing an additional 10,793 shares during the last quarter. 12.84% of the stock is owned by institutional investors.

Angi Stock Down 9.8 %

Shares of ANGI stock traded down $0.22 during trading hours on Friday, hitting $2.02. 466,201 shares of the company were exchanged, compared to its average volume of 631,236. The company has a market capitalization of $1.01 billion, a PE ratio of -40.40 and a beta of 2.00. Angi Inc. has a 52 week low of $1.54 and a 52 week high of $4.09. The business has a 50 day moving average of $2.05 and a two-hundred day moving average of $2.31. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reduced their target price on Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, May 9th. KeyCorp decreased their price objective on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, JMP Securities initiated coverage on shares of Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 target price on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Angi presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.03.

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.