Angi (NASDAQ:ANGI) Sees Strong Trading Volume – What’s Next?

Shares of Angi Inc. (NASDAQ:ANGI) saw unusually-high trading volume on Monday . Approximately 462,138 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 737,827 shares.The stock last traded at $1.89 and had previously closed at $1.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup lowered shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. Benchmark lowered their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Finally, JMP Securities lowered their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.25.

Angi Stock Up 4.9 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. The firm’s fifty day moving average price is $2.48 and its two-hundred day moving average price is $2.33. The stock has a market cap of $900.10 million, a price-to-earnings ratio of 27.07 and a beta of 1.95.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Sell-side analysts forecast that Angi Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Angi in the 1st quarter worth about $162,000. Vanguard Group Inc. raised its holdings in shares of Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after acquiring an additional 95,514 shares during the last quarter. Quadrature Capital Ltd lifted its position in Angi by 21.4% in the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after acquiring an additional 17,102 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Angi during the 2nd quarter valued at about $183,000. Institutional investors own 12.84% of the company’s stock.

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.