Blueshift Asset Management LLC lessened its stake in shares of Angi Inc. (NASDAQ:ANGI) by 87.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,508 shares of the technology company’s stock after selling 310,327 shares during the quarter. Blueshift Asset Management LLC’s holdings in Angi were worth $629,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ANGI. Brown Advisory Inc. raised its position in Angi by 111.9% in the first quarter. Brown Advisory Inc. now owns 7,086,524 shares of the technology company’s stock valued at $92,125,000 after purchasing an additional 3,742,285 shares during the period. Goldman Sachs Group Inc. raised its holdings in Angi by 463.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,232,637 shares of the technology company’s stock worth $16,025,000 after purchasing an additional 1,014,026 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Angi by 31.4% in the first quarter. Point72 Asset Management L.P. now owns 3,341,499 shares of the technology company’s stock valued at $43,439,000 after buying an additional 798,843 shares in the last quarter. FMR LLC grew its position in Angi by 74.2% during the 2nd quarter. FMR LLC now owns 1,853,255 shares of the technology company’s stock worth $25,056,000 after purchasing an additional 789,379 shares in the last quarter. Finally, General American Investors Co. Inc. grew its position in Angi by 228.3% during the 2nd quarter. General American Investors Co. Inc. now owns 335,059 shares of the technology company’s stock worth $4,530,000 after purchasing an additional 233,003 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.
A number of research analysts have weighed in on ANGI shares. TheStreet lowered shares of Angi from a “c-” rating to a “d” rating in a research report on Thursday, August 5th. Citigroup dropped their price objective on shares of Angi from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 23rd. Zacks Investment Research downgraded shares of Angi from a “hold” rating to a “sell” rating in a report on Thursday, August 5th. Royal Bank of Canada dropped their target price on shares of Angi from $15.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, August 6th. Finally, Truist Securities reduced their price objective on shares of Angi from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Angi presently has a consensus rating of “Buy” and a consensus price target of $15.21.
Angi (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, August 4th. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The company had revenue of $420.99 million for the quarter, compared to the consensus estimate of $423.45 million. Angi had a negative net margin of 2.46% and a negative return on equity of 3.06%. Angi’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. As a group, sell-side analysts expect that Angi Inc. will post -0.15 earnings per share for the current year.
In other news, Director Bowman Angela R. Hicks sold 7,133 shares of the stock in a transaction on Friday, September 24th. The stock was sold at an average price of $14.33, for a total transaction of $102,215.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $11.60, for a total value of $116,000.00. Following the completion of the transaction, the director now owns 261,773 shares of the company’s stock, valued at $3,036,566.80. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.
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