Westerly Capital Management LLC Acquires 490,000 Shares of Angi Inc. (NASDAQ:ANGI)

Westerly Capital Management LLC boosted its holdings in Angi Inc. (NASDAQ:ANGI) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,840,000 shares of the technology company’s stock after acquiring an additional 490,000 shares during the quarter. Angi accounts for about 2.2% of Westerly Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Westerly Capital Management LLC owned 0.57% of Angi worth $4,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares during the last quarter. Quantbot Technologies LP purchased a new position in Angi in the 4th quarter worth approximately $73,000. Raymond James Financial Inc. bought a new position in shares of Angi in the 4th quarter worth $27,000. PNC Financial Services Group Inc. raised its position in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock valued at $147,000 after buying an additional 17,605 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Angi during the 4th quarter worth $210,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup lowered their price target on Angi from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. StockNews.com raised Angi from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. JMP Securities cut their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price target on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.25.

Angi Trading Up 1.2 %

Shares of ANGI opened at $11.89 on Wednesday. The stock has a market capitalization of $591.25 million, a P/E ratio of 148.64 and a beta of 1.88. 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 firm has a fifty day simple moving average of $14.50 and a two-hundred day simple moving average of $17.72.

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.