Angi (NASDAQ:ANGI) Shares Down 4.8% – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s stock price was down 4.8% during mid-day trading on Friday . The company traded as low as $12.05 and last traded at $12.04. Approximately 667,383 shares traded hands during mid-day trading, an increase of 264% from the average daily volume of 183,097 shares. The stock had previously closed at $12.64.

Analyst Ratings Changes

A number of research firms recently issued reports on ANGI. JMP Securities lowered their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Finally, Citigroup boosted their target price on shares of Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Angi Stock Performance

The company has a market capitalization of $617.06 million, a price-to-earnings ratio of 155.13 and a beta of 1.88. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $15.98 and a 200-day simple moving average of $18.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Angi in the fourth quarter worth about $27,000. Hsbc Holdings PLC acquired a new stake in shares of Angi during the 4th quarter valued at approximately $30,000. Headlands Technologies LLC lifted its position in shares of Angi by 9,308.0% in the 4th quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock worth $31,000 after buying an additional 18,523 shares during the last quarter. Oxford Asset Management LLP bought a new stake in shares of Angi during the 4th quarter valued at about $33,000. Finally, Two Sigma Securities LLC acquired a new stake in Angi during the fourth quarter worth about $41,000. 12.84% of the stock is owned by institutional investors and hedge funds.

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.