Barclays PLC Acquires 15,191 Shares of Angi Inc. (NASDAQ:ANGI)

Barclays PLC boosted its holdings in Angi Inc. (NASDAQ:ANGI) by 1,255.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,401 shares of the technology company’s stock after acquiring an additional 15,191 shares during the quarter. Barclays PLC’s holdings in Angi were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ANGI. Headlands Technologies LLC bought a new position in Angi in the 2nd quarter worth about $26,000. Centiva Capital LP bought a new position in Angi in the 3rd quarter worth about $46,000. Susquehanna Fundamental Investments LLC bought a new position in Angi in the 2nd quarter worth about $85,000. Verition Fund Management LLC bought a new position in Angi in the 3rd quarter worth about $116,000. Finally, XTX Topco Ltd increased its position in shares of Angi by 250.1% during the 3rd quarter. XTX Topco Ltd now owns 100,878 shares of the technology company’s stock valued at $260,000 after purchasing an additional 72,060 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.

Angi Trading Down 0.6 %

NASDAQ ANGI opened at $1.56 on Friday. Angi Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50 day simple moving average of $1.89 and a two-hundred day simple moving average of $2.22. The stock has a market cap of $775.74 million, a P/E ratio of 22.29 and a beta of 1.86.

Angi (NASDAQ:ANGI) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $295.90 million. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, analysts forecast that Angi Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANGI has been the topic of several recent research reports. Benchmark reduced their price objective on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. JMP Securities reiterated a “market outperform” rating and set a $3.00 price objective on shares of Angi in a research report on Monday, December 16th. Citigroup reduced their price objective on Angi from $2.00 to $1.70 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.06.

Angi 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.