Angi (NASDAQ:ANGI) Sees Large Volume Increase – Time to Buy?

Angi Inc. (NASDAQ:ANGI) saw strong trading volume on Monday . 224,794 shares changed hands during mid-day trading, an increase of 128% from the previous session’s volume of 98,645 shares.The stock last traded at $15.71 and had previously closed at $15.92.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANGI. Citigroup boosted their price objective on Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JMP Securities cut their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.50.

Angi Price Performance

The stock has a market capitalization of $705.63 million, a PE ratio of 177.40 and a beta of 1.91. 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 stock’s 50-day moving average is $17.04 and its 200 day moving average is $19.75.

Hedge Funds Weigh In On Angi

A number of hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Angi by 46.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock valued at $677,000 after purchasing an additional 83,704 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Angi in the 3rd quarter valued at approximately $116,000. ArrowMark Colorado Holdings LLC grew its stake in shares of Angi by 1.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after buying an additional 84,328 shares in the last quarter. Centiva Capital LP acquired a new position in Angi in the third quarter worth approximately $46,000. Finally, XTX Topco Ltd raised its position in Angi by 250.1% during the third quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock valued at $260,000 after acquiring an additional 72,060 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

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.