Dynamic Technology Lab Private Ltd Invests $199,000 in Angi Inc. (NASDAQ:ANGI)

Dynamic Technology Lab Private Ltd acquired a new position in Angi Inc. (NASDAQ:ANGI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 119,595 shares of the technology company’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ANGI. Raymond James Financial Inc. bought a new stake in Angi during the fourth quarter valued at about $27,000. Barclays PLC grew its stake 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 acquiring an additional 15,191 shares during the period. Centiva Capital LP purchased a new stake in Angi in the 3rd quarter worth approximately $46,000. Headlands Technologies LLC raised its stake in Angi by 9,308.0% during the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after acquiring an additional 18,523 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Angi by 38.8% during the fourth quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after purchasing an additional 7,944 shares in the last quarter. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

Angi Trading Down 1.9 %

Shares of Angi stock opened at $12.40 on Friday. Angi Inc. has a twelve month low of $11.00 and a twelve month high of $29.15. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $15.87 and a 200-day moving average price of $18.82. The firm has a market cap of $616.61 million, a price-to-earnings ratio of 155.02 and a beta of 1.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANGI. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. JMP Securities lowered their price objective on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup increased their target price on Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Angi currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

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.