Assenagon Asset Management S.A. Invests $183,000 in Angi Inc. (NASDAQ:ANGI)

Assenagon Asset Management S.A. purchased a new stake in shares of Angi Inc. (NASDAQ:ANGI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 95,201 shares of the technology company’s stock, valued at approximately $183,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. bought a new position in Angi during the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC increased its holdings in shares of Angi by 140.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock valued at $45,000 after acquiring an additional 10,447 shares during the last quarter. Boulder Hill Capital Management LP bought a new position in shares of Angi in the 4th quarter valued at approximately $57,000. BNP Paribas Financial Markets lifted its holdings in Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Angi in the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Price Performance

NASDAQ:ANGI opened at $2.68 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.99 and a quick ratio of 1.99. Angi Inc. has a one year low of $1.54 and a one year high of $3.10. The company has a fifty day moving average price of $2.17 and a 200 day moving average price of $2.32. The stock has a market cap of $1.34 billion, a P/E ratio of -53.60 and a beta of 2.00.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Angi had a negative net margin of 2.01% and a negative return on equity of 1.84%. The company had revenue of $315.13 million for the quarter, compared to the consensus estimate of $305.06 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. Analysts anticipate that Angi Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the sale, the chief technology officer now owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 35,244 shares of company stock valued at $73,190 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JMP Securities assumed coverage on Angi in a report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price target on the stock. KeyCorp lowered their target price on shares of Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, Citigroup cut their target price on shares of Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3.78.

About Angi

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.