Angi (NASDAQ:ANGI) Sees Large Volume Increase – Here’s Why

Angi Inc. (NASDAQ:ANGI) shares saw strong trading volume on Monday . 224,794 shares traded hands during trading, an increase of 128% from the previous session’s volume of 98,645 shares.The stock last traded at $15.71 and had previously closed at $15.92.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Citigroup increased their price target 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. StockNews.com lowered shares of Angi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JMP Securities dropped their price target on Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.50.

Angi Stock Down 3.2 %

The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $766.29 million, a PE ratio of 192.65 and a beta of 1.91. The firm’s fifty day moving average is $17.18 and its 200-day moving average is $19.91.

Institutional Trading of Angi

A number of institutional investors have recently modified their holdings of ANGI. JPMorgan Chase & Co. lifted its holdings in Angi by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 228,173 shares of the technology company’s stock valued at $589,000 after acquiring an additional 65,119 shares during the period. PNC Financial Services Group Inc. grew its position in Angi by 24.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 88,476 shares of the technology company’s stock worth $147,000 after buying an additional 17,605 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Angi by 46.8% in 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 buying an additional 83,704 shares in the last quarter. Barclays PLC boosted its stake in shares of Angi by 1,255.5% during the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after acquiring an additional 15,191 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Angi in the 4th quarter worth approximately $210,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.

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.