Angi Inc. (NASDAQ:ANGI – Get Rating) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 8,070,000 shares, a decline of 12.6% from the November 15th total of 9,230,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is presently 4.9 days. Currently, 10.4% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Benchmark lowered their price target on shares of Angi to $12.00 in a research report on Tuesday, November 15th. Piper Sandler reduced their price objective on shares of Angi from $5.00 to $3.00 and set a "neutral" rating for the company in a research note on Wednesday, November 9th. StockNews.com started coverage on shares of Angi in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Credit Suisse Group reduced their price objective on shares of Angi from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Thursday, November 10th. Finally, UBS Group started coverage on shares of Angi in a research note on Friday, December 2nd. They set a "sell" rating and a $2.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.01.
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Angi Price Performance
Shares of Angi stock opened at $2.14 on Friday. Angi has a 52-week low of $1.81 and a 52-week high of $9.78. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -10.70 and a beta of 1.70. The company has a fifty day moving average of $2.17 and a 200-day moving average of $3.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.71 and a current ratio of 1.71.
Angi (NASDAQ:ANGI – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). Angi had a negative net
margin of 5.42% and a negative return on equity of 9.09%. The company had revenue of $498.04 million during the quarter, compared to analysts' expectations of $502.02 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The firm's revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Angi will post -0.18 EPS for the current year.
Institutional Investors Weigh In On Angi
Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Angi during the 2nd quarter valued at $30,000. Petrus Trust Company LTA bought a new stake in Angi during the 3rd quarter valued at $30,000. Quantbot Technologies LP bought a new stake in Angi during the 1st quarter valued at $54,000. Ensign Peak Advisors Inc raised its holdings in Angi by 139.9% during the 3rd quarter. Ensign Peak Advisors Inc now owns 19,670 shares of the technology company's stock valued at $58,000 after buying an additional 11,470 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Angi during the 1st quarter valued at $59,000. Hedge funds and other institutional investors own 12.98% of the company's stock.
Angi Company Profile
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Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.
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