232,465 Shares in Angi Inc. $ANGI Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new stake in shares of Angi Inc. (NASDAQ:ANGI) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 232,465 shares of the technology company’s stock, valued at approximately $1,592,000.

Several other large investors have also recently bought and sold shares of ANGI. Empowered Funds LLC acquired a new stake in Angi in the first quarter worth $1,136,000. Parallel Advisors LLC acquired a new position in shares of Angi in the 1st quarter valued at $25,000. Flax Pond Capital LLC bought a new stake in shares of Angi in the 1st quarter valued at $3,324,000. Bank of America Corp DE bought a new stake in shares of Angi in the 1st quarter valued at $325,000. Finally, Janus Henderson Group PLC acquired a new stake in Angi during the 1st quarter worth $118,000. Institutional investors own 12.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ANGI shares. UBS Group set a $5.00 target price on Angi and gave the stock a “neutral” rating in a report on Friday. KeyCorp lowered Angi from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Angi from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on Angi from $10.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada set a $14.00 target price on Angi in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.29.

Angi Trading Down 2.4%

ANGI opened at $4.84 on Friday. The stock has a market capitalization of $195.78 million, a P/E ratio of -0.88 and a beta of 1.62. Angi Inc. has a 12 month low of $4.26 and a 12 month high of $18.94. The firm’s fifty day simple moving average is $5.79 and its 200 day simple moving average is $7.28. The company has a current ratio of 1.20, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Angi (NASDAQ:ANGI) last released its earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $253.43 million. During the same quarter last year, the company posted $0.23 EPS. Angi’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, research analysts anticipate that Angi Inc. will post 0.16 EPS for the current fiscal year.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.