Angi (NASDAQ:ANGI) Shares Gap Up to $2.05

Angi Inc. (NASDAQ:ANGI) gapped up before the market opened on Friday . The stock had previously closed at $2.05, but opened at $2.10. Angi shares last traded at $2.11, with a volume of 56,975 shares changing hands.

Wall Street Analysts Forecast Growth

ANGI has been the subject of several recent research reports. Citigroup decreased their price target on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a report on Thursday, May 9th. UBS Group upped their price objective on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group upped their price objective on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, February 16th. KeyCorp reduced their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, Royal Bank of Canada upped their price objective on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Angi currently has a consensus rating of “Moderate Buy” and an average target price of $4.13.

Angi Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.39.

Insider Buying and Selling at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Monday, April 1st. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the completion of the sale, the chief technology officer now owns 166,034 shares of the company’s stock, valued at $428,367.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 35,244 shares of company stock worth $85,643. 2.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Angi

Several large investors have recently made changes to their positions in ANGI. M&T Bank Corp increased its stake in Angi by 54.3% during the fourth quarter. M&T Bank Corp now owns 449,442 shares of the technology company’s stock worth $1,120,000 after acquiring an additional 158,154 shares during the last quarter. FMR LLC increased its stake in Angi by 44.6% during the third quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after acquiring an additional 1,983,031 shares during the last quarter. Wolverine Asset Management LLC increased its stake in Angi by 61.8% during the third quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company’s stock worth $532,000 after acquiring an additional 102,653 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Angi by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock worth $708,000 after acquiring an additional 6,587 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Angi during the fourth quarter worth approximately $778,000. 12.84% of the stock is currently owned by hedge funds and other 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.