Angi Inc. (NASDAQ:ANGI – Get Free Report)’s stock price traded down 7.9% during mid-day trading on Wednesday . The company traded as low as $2.23 and last traded at $2.23. 339,295 shares were traded during trading, a decline of 57% from the average session volume of 790,727 shares. The stock had previously closed at $2.42.
Wall Street Analyst Weigh In
Several research firms have recently commented on ANGI. Citigroup decreased their target price on Angi from $4.00 to $3.25 and set a “buy” rating on the stock in a research report on Thursday, May 9th. JMP Securities started coverage on Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price objective on the stock. Finally, KeyCorp lowered their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.03.
Check Out Our Latest Stock Analysis on Angi
Angi Stock Performance
Insider Transactions at Angi
In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’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 transaction, the chief technology officer now owns 160,506 shares of the company’s stock, valued at $341,877.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 35,244 shares of company stock valued at $70,958. 2.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Angi during the fourth quarter worth $26,000. Tower Research Capital LLC TRC increased its stake in shares of Angi by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after purchasing an additional 10,447 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Angi during the 4th quarter worth $57,000. BNP Paribas Financial Markets lifted 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 worth $65,000 after buying an additional 7,649 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Angi during the 4th quarter worth $101,000. 12.84% of the stock is owned by institutional investors.
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.
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