Angi Inc. (NASDAQ:ANGI) Short Interest Up 8.8% in December

Angi Inc. (NASDAQ:ANGI) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,740,000 shares, an increase of 8.8% from the December 15th total of 8,030,000 shares. Based on an average daily trading volume, of 920,700 shares, the short-interest ratio is currently 9.5 days. Currently, 13.6% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts have commented on ANGI shares. Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.25 to $2.50 in a research report on Wednesday, November 13th. Citigroup cut their price objective on shares of Angi from $2.00 to $1.70 and set a “neutral” rating for the company in a research report on Friday, January 3rd. UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average price target of $3.06.

Hedge Funds Weigh In On Angi

A number of institutional investors and hedge funds have recently modified their holdings of ANGI. Dimensional Fund Advisors LP boosted its holdings in Angi by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock valued at $3,562,000 after acquiring an additional 494,739 shares during the period. AQR Capital Management LLC increased its position in Angi by 24.1% during the 2nd quarter. AQR Capital Management LLC now owns 829,800 shares of the technology company’s stock valued at $1,593,000 after buying an additional 161,189 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Angi during the 2nd quarter valued at about $85,000. Inspire Investing LLC increased its position in Angi by 152.5% during the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock valued at $1,192,000 after buying an additional 279,083 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Angi by 1,372.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,401,716 shares of the technology company’s stock valued at $3,616,000 after buying an additional 1,306,515 shares in the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Angi Price Performance

ANGI opened at $1.83 on Friday. The stock has a fifty day simple moving average of $1.80 and a two-hundred day simple moving average of $2.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46. The company has a market cap of $910.00 million, a price-to-earnings ratio of 26.14 and a beta of 1.86. Angi has a 12-month low of $1.49 and a 12-month high of $3.10.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. The company had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a return on equity of 3.79% and a net margin of 2.61%. During the same period last year, the firm posted ($0.01) earnings per share. Research analysts predict that Angi will post 0.08 earnings per share for the current fiscal year.

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.