Angi (NASDAQ:ANGI) Earns Outperform Rating from Analysts at JMP Securities

JMP Securities began coverage on shares of Angi (NASDAQ:ANGI) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $3.25 price target on the technology company’s stock.

ANGI has been the topic of several other reports. KeyCorp reduced their target price on Angi from $4.00 to $3.00 and set an overweight rating on the stock in a report on Friday, May 3rd. Citigroup reduced their target price on shares of Angi from $4.00 to $3.25 and set a buy rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Angi presently has an average rating of Moderate Buy and a consensus price target of $4.03.

Angi Price Performance

Angi stock opened at $1.98 on Tuesday. Angi has a one year low of $1.55 and a one year high of $4.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50 day simple moving average of $2.08 and a 200 day simple moving average of $2.33. The company has a market capitalization of $993.45 million, a PE ratio of -39.60 and a beta of 2.01.

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total transaction of $25,023.24. Following the transaction, the chief technology officer now owns 160,506 shares in the company, valued at approximately $341,877.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 35,244 shares of company stock worth $70,958 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pale Fire Capital SE lifted its stake in Angi by 377.0% in the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after acquiring an additional 4,966,764 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Angi in the first quarter valued at approximately $1,234,000. GSA Capital Partners LLP lifted its position in shares of Angi by 469.5% in the first quarter. GSA Capital Partners LLP now owns 511,684 shares of the technology company’s stock worth $1,341,000 after purchasing an additional 421,841 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Angi during the fourth quarter worth $778,000. Finally, General American Investors Co. Inc. grew its position in Angi by 20.7% in the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

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.