Angi (NASDAQ:ANGI) Hits New 12-Month Low – Should You Sell?

Angi Inc. (NASDAQ:ANGI) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.53 and last traded at $16.69, with a volume of 2253763 shares changing hands. The stock had previously closed at $1.60.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ANGI shares. JMP Securities decreased their target price on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup increased their target price on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.05.

Angi Stock Up 946.6 %

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 company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 207.29 and a beta of 1.91. The stock’s fifty day simple moving average is $1.73 and its two-hundred day simple moving average is $2.02.

Hedge Funds Weigh In On Angi

A number of hedge funds have recently added to or reduced their stakes in ANGI. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Angi in the third quarter worth approximately $645,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Angi by 46.8% during the third 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. Verition Fund Management LLC acquired a new position in Angi during the third quarter valued at approximately $116,000. ArrowMark Colorado Holdings LLC grew its holdings in Angi by 1.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 4,729,386 shares of the technology company’s stock valued at $12,202,000 after purchasing an additional 84,328 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Angi during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.