Kulesh Shanmugasundaram Sells 11,748 Shares of Angi Inc. (NASDAQ:ANGI) Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the transaction, the chief technology officer now directly owns 166,034 shares in the company, valued at $428,367.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kulesh Shanmugasundaram also recently made the following trade(s):

• On Wednesday, March 6th, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.58, for a total value of $30,309.84.
• On Thursday, February 1st, Kulesh Shanmugasundaram sold 12,000 shares of Angi stock. The stock was sold at an average price of $2.41, for a total value of $28,920.00.

Angi Price Performance

Shares of NASDAQ ANGI opened at $2.37 on Thursday. Angi Inc. has a 1 year low of $1.54 and a 1 year high of $4.18. The stock has a market capitalization of $1.19 billion, a P/E ratio of -29.63 and a beta of 1.96. The company’s 50-day moving average is $2.63 and its 200 day moving average is $2.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The business had revenue of $300.43 million for the quarter, compared to analysts’ expectations of $306.73 million. On average, sell-side analysts expect that Angi Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ANGI. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. UBS Group boosted their price objective on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased their target price on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada boosted their price target on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.23.

Institutional Investors Weigh In On Angi

Hedge funds have recently made changes to their positions in the company. Pale Fire Capital SE lifted its position in Angi by 377.0% during the fourth quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock valued at $15,648,000 after buying an additional 4,966,764 shares during the period. FMR LLC grew its position in shares of Angi by 44.6% in the 3rd quarter. FMR LLC now owns 6,430,138 shares of the technology company’s stock worth $12,732,000 after buying an additional 1,983,031 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in shares of Angi in the 2nd quarter worth about $4,231,000. AQR Capital Management LLC lifted its position in Angi by 1,453.3% during the 4th quarter. AQR Capital Management LLC now owns 857,399 shares of the technology company’s stock valued at $2,015,000 after acquiring an additional 802,201 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Angi by 2,798.0% during the second quarter. JPMorgan Chase & Co. now owns 677,847 shares of the technology company’s stock worth $3,104,000 after acquiring an additional 654,457 shares in the last quarter. 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.