Inspire Investing LLC Makes New $1.23 Million Investment in Angi Inc. (NASDAQ:ANGI)

Inspire Investing LLC purchased a new position in shares of Angi Inc. (NASDAQ:ANGI) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 471,126 shares of the technology company’s stock, valued at approximately $1,234,000. Inspire Investing LLC owned about 0.09% of Angi as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in shares of Angi during the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Angi by 140.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after acquiring an additional 10,447 shares during the period. Boulder Hill Capital Management LP bought a new position in shares of Angi during the 4th quarter worth approximately $57,000. BNP Paribas Financial Markets boosted its stake 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 worth $65,000 after acquiring an additional 7,649 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Angi during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. KeyCorp reduced their target price on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. JMP Securities started coverage on Angi in a research note on Tuesday, July 9th. They set an “outperform” rating and a $3.25 target price for the company. Finally, Citigroup reduced their price target on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.03.

Angi Stock Performance

ANGI traded up $0.20 during trading on Tuesday, hitting $2.20. The stock had a trading volume of 909,385 shares, compared to its average volume of 791,197. The company has a 50 day moving average price of $2.07 and a 200-day moving average price of $2.32. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -42.50 and a beta of 2.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. Angi Inc. has a one year low of $1.54 and a one year high of $4.18.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $2.13, for a total transaction of $25,023.24. Following the completion of the sale, the chief technology officer now directly owns 160,506 shares in the company, valued at approximately $341,877.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 35,244 shares of company stock worth $70,958. 2.90% of the stock is currently owned by company insiders.

Angi 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.