Angi (NASDAQ:ANGI) Stock Price Down 4%

Angi Inc. (NASDAQ:ANGI) shares traded down 4% on Wednesday . The company traded as low as $1.93 and last traded at $1.93. 97,155 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 796,141 shares. The stock had previously closed at $2.01.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ANGI shares. Citigroup dropped their target price on Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, May 9th. JMP Securities started coverage on shares of Angi in a research note on Tuesday. They issued an “outperform” rating and a $3.25 price objective on the stock. Finally, KeyCorp cut their price target on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.03.

Angi Stock Down 4.5 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a 50-day simple moving average of $2.11 and a 200-day simple moving average of $2.34.

Insider Activity at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the sale, the chief technology officer now owns 160,506 shares of the company’s stock, valued at $341,877.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 35,244 shares of company stock worth $70,958. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Angi

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in Angi during the 4th quarter valued at $26,000. Tower Research Capital LLC TRC lifted its position in Angi by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after purchasing an additional 10,447 shares during the period. Boulder Hill Capital Management LP bought a new position in Angi during the 4th quarter valued at $57,000. BNP Paribas Financial Markets increased its position in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Angi in the fourth quarter valued at $101,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.