Angi (NASDAQ:ANGI) Sets New 52-Week Low – Time to Sell?

Angi Inc. (NASDAQ:ANGI)’s share price reached a new 52-week low on Monday . The company traded as low as $1.53 and last traded at $16.69, with a volume of 2253763 shares traded. The stock had previously closed at $1.60.

Analysts Set New Price Targets

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

Angi Trading Down 2.3 %

The stock has a 50-day moving average of $2.32 and a 200 day moving average of $2.22. 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 stock has a market cap of $8.09 billion, a PE ratio of 203.28 and a beta of 1.91.

Institutional Trading of Angi

Large investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in Angi by 16.8% during the fourth quarter. Jane Street Group LLC now owns 50,920 shares of the technology company’s stock valued at $85,000 after purchasing an additional 7,340 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 last quarter. Barclays PLC lifted its holdings in shares of Angi by 1,255.5% in 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. Raymond James Financial Inc. purchased a new stake in shares of Angi in the fourth quarter worth about $27,000. Finally, PNC Financial Services Group Inc. grew its holdings in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after acquiring an additional 17,605 shares during the period. 12.84% of the stock is owned by hedge funds and other institutional investors.

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.