Angi (NASDAQ:ANGI) Reaches New 1-Year Low – Here’s What Happened

Angi Inc. (NASDAQ:ANGI) reached a new 52-week low on Monday . The stock traded as low as $1.53 and last traded at $16.69, with a volume of 2253763 shares changing hands. The stock had previously closed at $1.60.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ANGI shares. Citigroup raised their price target on Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research 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 downgraded shares of Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JMP Securities decreased their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.05.

Angi Stock Down 2.3 %

The stock has a market cap of $8.09 billion, a PE ratio of 203.28 and a beta of 1.91. The business has a fifty day moving average of $2.32 and a 200-day moving average of $2.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Institutional Investors Weigh In On Angi

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in shares of Angi in the fourth quarter valued at about $74,000. Two Sigma Advisers LP grew its stake in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after purchasing an additional 207,300 shares during the last quarter. Two Sigma Investments LP raised its holdings in Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after purchasing an additional 158,662 shares in the last quarter. State of Wyoming purchased a new stake in shares of Angi during the fourth quarter valued at about $69,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Angi in the 4th quarter valued at about $46,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.