Angi (NASDAQ:ANGI) Sees Large Volume Increase – Still a Buy?

Angi Inc. (NASDAQ:ANGI) shares saw unusually-high trading volume on Tuesday . Approximately 200,727 shares traded hands during trading, an increase of 118% from the previous session’s volume of 91,899 shares.The stock last traded at $16.09 and had previously closed at $16.65.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. StockNews.com lowered Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Finally, JMP Securities decreased their target price on Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Angi presently has a consensus rating of “Hold” and a consensus price target of $3.05.

Angi Price Performance

The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $2.03 and a 200-day simple moving average of $2.12. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 203.28 and a beta of 1.91.

Institutional Trading of Angi

A number of large investors have recently modified their holdings of ANGI. JPMorgan Chase & Co. grew its stake in shares of Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Angi by 46.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 262,529 shares of the technology company’s stock valued at $677,000 after buying an additional 83,704 shares in the last quarter. Barclays PLC increased its stake in Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock valued at $42,000 after buying an additional 15,191 shares during the period. Jones Financial Companies Lllp increased its stake in Angi by 38.8% during the 4th quarter. Jones Financial Companies Lllp now owns 28,439 shares of the technology company’s stock valued at $47,000 after buying an additional 7,944 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Angi by 24.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares in the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.