Angi (NASDAQ:ANGI) Stock Price Down 3.4% – Should You Sell?

Angi Inc. (NASDAQ:ANGI) shares dropped 3.4% on Wednesday . The stock traded as low as $13.89 and last traded at $14.20. Approximately 196,600 shares traded hands during trading, an increase of 67% from the average daily volume of 117,445 shares. The stock had previously closed at $14.70.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANGI. JMP Securities dropped their target price on shares of Angi from $30.00 to $27.50 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Citigroup raised their target price on Angi from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Finally, StockNews.com cut Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.50.

Angi Trading Down 6.4 %

The business has a 50 day moving average of $16.85 and a two-hundred day moving average of $19.67. The firm has a market capitalization of $651.42 million, a price-to-earnings ratio of 163.77 and a beta of 1.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14.

Hedge Funds Weigh In On Angi

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Angi during the 4th quarter valued at $27,000. Hsbc Holdings PLC bought a new position in shares of Angi in the fourth quarter valued at $30,000. Headlands Technologies LLC grew its holdings in shares of Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $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 fourth quarter worth about $33,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Angi in the 4th quarter worth about $41,000. 12.84% of the stock is currently owned by institutional investors.

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.