Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume – Here’s Why

Shares of Angi Inc. (NASDAQ:ANGI) saw unusually-strong trading volume on Tuesday . Approximately 301,824 shares changed hands during trading, an increase of 98% from the previous session’s volume of 152,592 shares.The stock last traded at $12.61 and had previously closed at $12.16.

Analysts Set New Price Targets

A number of research firms have recently commented on ANGI. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Citigroup increased their price target on Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, StockNews.com raised Angi from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Angi has an average rating of “Moderate Buy” and an average target price of $30.50.

Angi Trading Down 2.8 %

The firm’s 50 day simple moving average is $15.98 and its two-hundred day simple moving average is $18.92. The stock has a market capitalization of $628.55 million, a P/E ratio of 158.02 and a beta of 1.88. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Institutional Trading of Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in Angi by 113.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock valued at $2,859,000 after acquiring an additional 914,037 shares during the period. Bridgeway Capital Management LLC acquired a new stake in Angi in the 4th quarter valued at $1,079,000. Westerly Capital Management LLC increased its stake in Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock valued at $4,714,000 after purchasing an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Angi during the fourth quarter worth $469,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Angi by 5.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after buying an additional 267,946 shares in the last quarter. 12.84% of the stock is owned by institutional investors.

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.