Trust Co of the South Acquires 25,500 Shares of Angi Inc. (NASDAQ:ANGI)

Trust Co of the South increased its holdings in Angi Inc. (NASDAQ:ANGI) by 98.9% in the 4th quarter, Holdings Channel reports. The fund owned 51,286 shares of the technology company’s stock after buying an additional 25,500 shares during the quarter. Trust Co of the South’s holdings in Angi were worth $85,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ANGI. Assenagon Asset Management S.A. increased its stake in shares of Angi by 1,372.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after purchasing an additional 1,306,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares in the last quarter. Inspire Investing LLC raised its position in shares of Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 279,083 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi during the 3rd quarter valued at about $645,000. Finally, AQR Capital Management LLC lifted its stake in shares of Angi by 24.1% in the second quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock worth $1,593,000 after buying an additional 161,189 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Price Performance

ANGI stock traded down $0.05 during mid-day trading on Thursday, hitting $1.62. The company had a trading volume of 372,417 shares, compared to its average volume of 791,117. The company has a market capitalization of $803.09 million, a price-to-earnings ratio of 23.07 and a beta of 1.86. The company has a 50-day moving average price of $1.98 and a 200 day moving average price of $2.23. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. Angi Inc. has a 12-month low of $1.57 and a 12-month high of $3.10.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter in the previous year, the business earned ($0.01) EPS. On average, research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ANGI. KeyCorp lowered their price objective on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Benchmark lowered their price target on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Citigroup cut Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Finally, UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.11.

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.