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

Angi Inc. (NASDAQ:ANGI) shares hit a new 52-week low during trading on Monday . The stock traded as low as $11.00 and last traded at $11.13, with a volume of 145177 shares trading hands. The stock had previously closed at $12.20.

Analysts Set New Price Targets

Several research analysts have issued reports on ANGI shares. JMP Securities cut their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Finally, Citigroup boosted their price objective on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Angi Stock Performance

The company has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $19.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05. The stock has a market cap of $586.23 million, a P/E ratio of 148.58 and a beta of 1.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new stake in Angi during the fourth quarter valued at about $74,000. Two Sigma Advisers LP raised its stake in shares of Angi by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock valued at $1,203,000 after acquiring an additional 207,300 shares during the last quarter. Two Sigma Investments LP increased its holdings in Angi by 27.7% during the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock valued at $1,215,000 after purchasing an additional 158,662 shares during the period. State of Wyoming bought a new position in Angi during the 4th quarter valued at approximately $69,000. Finally, Graham Capital Management L.P. purchased a new stake in Angi in the 4th quarter worth approximately $46,000. 12.84% of the stock is currently 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.