Angi (NASDAQ:ANGI) Stock Price Down 7.9%

Angi Inc. (NASDAQ:ANGI) shares fell 7.9% during trading on Wednesday . The company traded as low as $2.23 and last traded at $2.23. 339,295 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 790,727 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

ANGI has been the subject of a number of research analyst reports. JMP Securities began coverage on Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price target for the company. Citigroup decreased their price target on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, KeyCorp reduced their target price on shares of Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Angi has an average rating of “Moderate Buy” and a consensus target price of $4.03.

Angi Stock Performance

The stock’s 50 day moving average price is $2.04 and its two-hundred day moving average price is $2.32. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -44.60 and a beta of 2.01.

Insider Buying and Selling at Angi

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi 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 transaction, the chief technology officer now directly owns 160,506 shares of the company’s stock, valued at $341,877.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 35,244 shares of company stock valued at $70,958. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Angi

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in Angi in the 2nd quarter valued at approximately $183,000. Quadrature Capital Ltd increased its position in Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after purchasing an additional 17,102 shares in the last quarter. Vanguard Group Inc. raised its stake in Angi by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after purchasing an additional 95,514 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Angi by 3.5% during the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock worth $847,000 after buying an additional 10,793 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Angi during the first quarter worth about $1,234,000. 12.84% of the stock is currently 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.