Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume – What’s Next?

Shares of Angi Inc. (NASDAQ:ANGI) saw an uptick in trading volume on Tuesday . 200,727 shares were traded 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JMP Securities decreased their price objective on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Citigroup increased their price objective on Angi from $17.00 to $20.00 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. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.50.

Angi Stock Up 3.8 %

The company’s 50-day moving average price is $17.26 and its 200 day moving average price is $20.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The stock has a market cap of $8.48 billion, a PE ratio of 213.15 and a beta of 1.91.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ANGI. Arrowstreet Capital Limited Partnership raised its stake in Angi by 113.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 914,037 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Angi during the 4th quarter valued at $1,079,000. Westerly Capital Management LLC lifted its stake in shares of Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock valued at $4,714,000 after buying an additional 490,000 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Angi in the 4th quarter worth $469,000. Finally, ArrowMark Colorado Holdings LLC increased its stake in Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock worth $8,296,000 after buying an additional 267,946 shares in the last quarter. 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.