Angi (NASDAQ:ANGI) Sees Strong Trading Volume – Still a Buy?

Shares of Angi Inc. (NASDAQ:ANGI) saw unusually-high trading volume on Tuesday . Approximately 301,824 shares were traded during trading, an increase of 98% from the previous session’s volume of 152,592 shares.The stock last traded at $12.61 and had previously closed at $12.16.

Analyst Ratings Changes

A number of research firms have recently weighed in on ANGI. JMP Securities dropped their target price on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Citigroup upped their target price on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Angi Stock Performance

The company’s 50-day moving average is $15.98 and its two-hundred day moving average is $18.92. The company has a market cap of $628.55 million, a P/E ratio of 158.02 and a beta of 1.88. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Angi

Several hedge funds have recently added to or reduced their stakes in ANGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Angi by 46.8% during 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. Verition Fund Management LLC purchased a new position in shares of Angi during the third quarter worth approximately $116,000. Centiva Capital LP purchased a new position in shares of Angi during the third quarter worth approximately $46,000. XTX Topco Ltd lifted its holdings in shares of Angi by 250.1% in the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock worth $260,000 after acquiring an additional 72,060 shares during the last quarter. Finally, Barclays PLC boosted its stake 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 purchasing an additional 15,191 shares in the last quarter. Institutional investors 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.