Angi Inc. (NASDAQ:ANGI) Short Interest Up 20.2% in March

Angi Inc. (NASDAQ:ANGI) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,550,000 shares, a growth of 20.2% from the March 15th total of 1,290,000 shares. Based on an average daily volume of 445,800 shares, the short-interest ratio is presently 3.5 days. Approximately 43.8% of the shares of the company are short sold.

Analysts Set New Price Targets

ANGI has been the subject of several recent research reports. Citigroup upped their target price on Angi from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, January 31st. JMP Securities reduced 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. Royal Bank of Canada decreased their target price on Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. Finally, StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Angi presently has an average rating of “Hold” and an average price target of $28.25.

Institutional Investors Weigh In On Angi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its stake in Angi by 113.1% in the fourth 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. Bridgeway Capital Management LLC acquired a new stake in shares of Angi in the fourth quarter valued at about $1,079,000. Westerly Capital Management LLC increased its stake in shares of Angi by 20.9% in the fourth quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after purchasing an additional 490,000 shares during the period. Teacher Retirement System of Texas bought a new stake in Angi during the 4th quarter valued at approximately $469,000. Finally, ArrowMark Colorado Holdings LLC grew its holdings 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 valued at $8,296,000 after buying an additional 267,946 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Trading Up 1.5 %

NASDAQ:ANGI opened at $11.60 on Monday. The stock’s 50-day moving average is $15.28 and its two-hundred day moving average is $18.29. 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 $576.83 million, a PE ratio of 145.02 and a beta of 1.88. Angi has a fifty-two week low of $11.00 and a fifty-two week high of $29.15.

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.