Angi Inc. (NASDAQ:ANGI) Sees Significant Growth in Short Interest

Angi Inc. (NASDAQ:ANGI) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 8,740,000 shares, an increase of 8.8% from the December 31st total of 8,030,000 shares. Currently, 13.6% of the company’s stock are short sold. Based on an average trading volume of 920,700 shares, the days-to-cover ratio is currently 9.5 days.

Analyst Upgrades and Downgrades

ANGI has been the topic of several research analyst reports. The Goldman Sachs Group lowered shares of Angi from a “buy” rating to a “neutral” rating and cut their target price for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Citigroup raised their price objective on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Benchmark dropped their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, KeyCorp dropped their price objective on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Angi presently has an average rating of “Hold” and an average price target of $3.11.

Angi Trading Down 1.4 %

Shares of NASDAQ ANGI traded down $0.03 during mid-day trading on Monday, hitting $1.78. The stock had a trading volume of 261,671 shares, compared to its average volume of 970,867. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi has a 1 year low of $1.49 and a 1 year high of $3.10. The business has a 50 day moving average price of $1.78 and a two-hundred day moving average price of $2.21. The firm has a market cap of $882.65 million, a P/E ratio of 25.36 and a beta of 1.86.

Angi (NASDAQ:ANGI) last issued its quarterly earnings data 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 the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the previous year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Angi will post 0.08 EPS for the current fiscal year.

Institutional Trading of Angi

A number of hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP purchased a new position in Angi in the 3rd quarter worth about $46,000. Trust Co of the South raised its position in Angi by 98.9% in the 4th quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after buying an additional 25,500 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Angi in the 2nd quarter worth about $85,000. Finally, Verition Fund Management LLC purchased a new position in Angi in the 3rd quarter worth about $116,000. Institutional investors own 12.84% of the company’s stock.

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.