Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume – What’s Next?

Shares of Angi Inc. (NASDAQ:ANGI) saw strong trading volume on Monday . 255,270 shares were traded during trading, an increase of 11% from the previous session’s volume of 230,750 shares.The stock last traded at $12.42 and had previously closed at $12.32.

Analysts Set New Price Targets

Several research firms have commented on ANGI. Royal Bank of Canada decreased their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. JMP Securities lowered their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com raised Angi from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Finally, Citigroup lowered their target price on shares of Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.25.

Angi Price Performance

The firm’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $17.86. The company has a market capitalization of $581.31 million, a PE ratio of 146.19 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 bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock valued at $589,000 after purchasing an additional 65,119 shares during the last quarter. Quantbot Technologies LP purchased a new position in Angi in the fourth quarter valued at $73,000. Raymond James Financial Inc. acquired a new position in shares of Angi during the 4th quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its holdings in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock valued at $147,000 after purchasing an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Angi during the 4th quarter worth about $210,000. 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.