SG Americas Securities LLC trimmed its holdings in Angi Inc. (NASDAQ:ANGI – Free Report) by 15.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,547 shares of the technology company’s stock after selling 8,450 shares during the period. SG Americas Securities LLC’s holdings in Angi were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Angi in the second quarter valued at about $26,000. BNP Paribas Financial Markets lifted its holdings in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Angi in the first quarter valued at about $108,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Angi in the second quarter valued at about $85,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Angi in the second quarter valued at about $183,000. 12.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, JMP Securities assumed coverage on Angi in a report on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Angi has an average rating of “Moderate Buy” and an average price target of $3.78.
Angi Stock Performance
ANGI opened at $2.42 on Friday. Angi Inc. has a 52-week low of $1.54 and a 52-week high of $3.10. The firm has a market capitalization of $1.21 billion, a PE ratio of -48.40 and a beta of 1.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98. The business’s 50-day simple moving average is $2.58 and its 200 day simple moving average is $2.30.
Angi (NASDAQ:ANGI – Get Free Report) last released its earnings results 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 return on equity of 0.07% and a negative net margin of 0.68%. The business had revenue of $315.13 million for the quarter, compared to analyst estimates of $305.06 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share.
Insider Buying and Selling
In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $290,607.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
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.
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