State Street Corp Reduces Position in Angi Inc. (NASDAQ:ANGI)

State Street Corp reduced its position in shares of Angi Inc. (NASDAQ:ANGI) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 438,113 shares of the technology company’s stock after selling 7,016 shares during the period. State Street Corp’s holdings in Angi were worth $1,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Angi in the second quarter valued at $26,000. Centiva Capital LP purchased a new position in shares of Angi in the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Angi during the 2nd quarter worth about $85,000. Verition Fund Management LLC purchased a new stake in Angi during the third quarter worth approximately $116,000. Finally, Cowen AND Company LLC acquired a new position in Angi in the second quarter valued at approximately $267,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Price Performance

Shares of ANGI opened at $1.62 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. Angi Inc. has a fifty-two week low of $1.57 and a fifty-two week high of $3.10. The firm has a 50-day simple moving average of $1.97 and a 200-day simple moving average of $2.23. The company has a market capitalization of $805.58 million, a price-to-earnings ratio of 23.14 and a beta of 1.86.

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. Angi had a return on equity of 3.79% and a net margin of 2.61%. The company had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the firm earned ($0.01) EPS. On average, equities research analysts anticipate that Angi Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ANGI shares. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $3.00 price target on shares of Angi in a research report on Monday, December 16th. Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. KeyCorp cut their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.11.

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.