Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Angi Inc. (NASDAQ:ANGI) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,227 shares of the technology company’s stock after buying an additional 6,587 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Angi worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ANGI. Barclays PLC boosted its holdings in Angi by 26,211.1% in the second quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock valued at $47,000 after purchasing an additional 14,154 shares during the period. DAVENPORT & Co LLC purchased a new position in Angi in the third quarter valued at $27,000. M&T Bank Corp boosted its holdings in Angi by 260.4% in the third quarter. M&T Bank Corp now owns 291,288 shares of the technology company’s stock valued at $576,000 after purchasing an additional 210,470 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Angi by 76.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock valued at $270,000 after purchasing an additional 59,029 shares during the period. Finally, FMR LLC boosted its holdings in Angi by 44.6% in the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock valued at $12,732,000 after purchasing an additional 1,983,031 shares during the period. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Stock Down 1.4 %

Shares of NASDAQ ANGI opened at $2.06 on Thursday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -25.75 and a beta of 1.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50-day moving average of $2.55 and a two-hundred day moving average of $2.30. Angi Inc. has a 1 year low of $1.54 and a 1 year high of $4.18.

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

Insider Transactions at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84. Following the sale, the chief technology officer now owns 166,034 shares in the company, valued at $428,367.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 35,496 shares of company stock worth $89,540. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Angi 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.