Angi Inc. (NASDAQ:ANGI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in shares of Angi Inc. (NASDAQ:ANGI) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 249,403 shares of the technology company’s stock after selling 212,697 shares during the quarter. Inspire Investing LLC’s holdings in Angi were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ANGI. Barclays PLC grew its position in shares of Angi by 1,255.5% during the third quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after buying an additional 15,191 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Angi during the third quarter worth about $46,000. Trust Co of the South grew its position in shares of Angi by 98.9% during the fourth quarter. Trust Co of the South now owns 51,286 shares of the technology company’s stock worth $85,000 after buying an additional 25,500 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi during the second quarter worth about $85,000. Finally, Verition Fund Management LLC acquired a new position in shares of Angi during the third quarter worth about $116,000. 12.84% of the stock is owned by institutional investors and hedge funds.

Angi Price Performance

ANGI stock opened at $1.88 on Friday. The company has a market capitalization of $934.87 million, a P/E ratio of 26.86 and a beta of 1.86. Angi Inc. has a twelve month low of $1.49 and a twelve month high of $3.10. The business has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $2.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 earnings per share for the quarter. The business had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period in the prior year, the company earned ($0.01) earnings per share. As a group, equities analysts anticipate that Angi Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANGI shares. Benchmark lowered their price objective on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $3.00 price target on shares of Angi in a report on Monday, December 16th. KeyCorp lowered their price target on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.06.

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.