Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume – Time to Buy?

Angi Inc. (NASDAQ:ANGI) shares saw an uptick in trading volume on Monday . 166,672 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 187,456 shares.The stock last traded at $12.80 and had previously closed at $12.40.

Analysts Set New Price Targets

ANGI has been the topic of a number of recent analyst reports. Citigroup boosted 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. JMP Securities reduced their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.50.

Angi Trading Up 1.2 %

The business’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $18.76. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $624.07 million, a PE ratio of 156.89 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after purchasing an additional 914,037 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in Angi in the fourth quarter worth $1,079,000. Westerly Capital Management LLC increased its position in Angi by 20.9% during the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after buying an additional 490,000 shares during 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 raised its holdings in Angi by 5.7% during 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. Hedge funds and other 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.