Delta Investment Management LLC Grows Holdings in Angi Inc. (NASDAQ:ANGI)

Delta Investment Management LLC grew its position in shares of Angi Inc. (NASDAQ:ANGI) by 318.2% in the fourth quarter, Holdings Channel reports. The fund owned 46,000 shares of the technology company’s stock after buying an additional 35,000 shares during the quarter. Delta Investment Management LLC’s holdings in Angi were worth $115,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Angi by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock worth $708,000 after acquiring an additional 6,587 shares during the last quarter. Trust Co of the South acquired a new position in Angi in the fourth quarter valued at approximately $226,000. One Fin Capital Management LP increased its position in shares of Angi by 30.0% in the third quarter. One Fin Capital Management LP now owns 1,300,000 shares of the technology company’s stock valued at $2,574,000 after buying an additional 300,000 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Angi by 61.8% in the third quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company’s stock valued at $532,000 after buying an additional 102,653 shares in the last quarter. Finally, FMR LLC increased its position in shares of Angi by 44.6% during the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after purchasing an additional 1,983,031 shares in the last quarter. 12.84% of the stock is currently owned by institutional investors.

Angi Trading Up 5.3 %

Shares of NASDAQ:ANGI traded up $0.11 during trading on Friday, hitting $2.17. The company’s stock had a trading volume of 1,213,470 shares, compared to its average volume of 1,007,232. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47. Angi Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $4.18. The stock’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.30.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. As a group, analysts forecast that Angi Inc. will post -0.01 EPS for the current year.

Insider Activity

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the completion of the transaction, the chief technology officer now directly owns 160,060 shares of the company’s stock, valued at approximately $412,954.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 35,496 shares of company stock valued at $89,540. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ANGI shares. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada increased their target price on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. The Goldman Sachs Group increased their target price on Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, UBS Group increased their price target on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.23.

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.