Dynamic Technology Lab Private Ltd Purchases New Shares in Angi Inc. (NASDAQ:ANGI)

Dynamic Technology Lab Private Ltd acquired a new position in Angi Inc. (NASDAQ:ANGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 119,595 shares of the technology company’s stock, valued at approximately $199,000.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock valued at $2,859,000 after acquiring an additional 914,037 shares during the last quarter. M&T Bank Corp raised its position in Angi by 16.7% during the fourth quarter. M&T Bank Corp now owns 589,242 shares of the technology company’s stock valued at $978,000 after purchasing an additional 84,304 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Angi in the 4th quarter valued at approximately $469,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Angi by 46.8% in 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 purchasing an additional 83,704 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Angi by 39.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock worth $589,000 after purchasing an additional 65,119 shares during the period. 12.84% of the stock is currently owned by institutional investors.

Angi Stock Down 1.9 %

NASDAQ:ANGI opened at $12.40 on Friday. The stock has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $18.82. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $616.61 million, a price-to-earnings ratio of 155.02 and a beta of 1.88. Angi Inc. has a twelve month low of $11.00 and a twelve month high of $29.15.

Wall Street Analyst Weigh In

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

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.