Pacer Advisors Inc. Makes New Investment in Angi Inc. $ANGI

Pacer Advisors Inc. acquired a new stake in Angi Inc. (NASDAQ:ANGI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 232,465 shares of the technology company’s stock, valued at approximately $1,592,000. Pacer Advisors Inc. owned approximately 0.57% of Angi at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC acquired a new position in shares of Angi during the first quarter worth approximately $25,000. Royal Bank of Canada acquired a new stake in shares of Angi in the first quarter valued at approximately $73,000. Janus Henderson Group PLC bought a new position in Angi in the 1st quarter worth approximately $118,000. California State Teachers Retirement System acquired a new position in Angi during the 1st quarter worth $237,000. Finally, Bank of America Corp DE acquired a new position in Angi during the 1st quarter worth $325,000. 12.84% of the stock is owned by institutional investors.

Angi Stock Performance

Shares of Angi stock opened at $4.84 on Friday. The firm has a fifty day moving average of $5.79 and a two-hundred day moving average of $7.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.20. The stock has a market capitalization of $195.78 million, a price-to-earnings ratio of -0.88 and a beta of 1.62. Angi Inc. has a 52 week low of $4.26 and a 52 week high of $18.94.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported ($5.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($5.83). Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, equities research analysts predict that Angi Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

ANGI has been the topic of a number of recent research reports. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the company a “neutral” rating in a research report on Monday, July 13th. Wall Street Zen lowered Angi from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial set a $10.00 price target on Angi and gave the company a “buy” rating in a report on Thursday. KeyCorp cut Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 6th. Finally, UBS Group set a $5.00 target price on shares of Angi and gave the company a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.29.

Angi Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.