Angi (NASDAQ:ANGI) Sees Large Volume Increase – Still a Buy?

Shares of Angi Inc. (NASDAQ:ANGI) saw strong trading volume on Tuesday . 200,727 shares changed hands during trading, an increase of 118% from the previous session’s volume of 91,899 shares.The stock last traded at $16.09 and had previously closed at $16.65.

Analyst Ratings Changes

A number of brokerages recently issued reports on ANGI. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup lifted their price target on Angi from $1.70 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. JMP Securities reduced their price objective on shares of Angi from $3.00 to $2.75 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Angi in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Angi presently has an average rating of “Hold” and an average target price of $3.05.

Angi Stock Performance

The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 203.28 and a beta of 1.91. The firm has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $2.12. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.47.

Institutional Trading of Angi

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Angi during the 4th quarter worth $27,000. Hsbc Holdings PLC bought a new stake in shares of Angi during the fourth quarter worth $30,000. Headlands Technologies LLC lifted its stake in shares of Angi by 9,308.0% during the fourth quarter. Headlands Technologies LLC now owns 18,722 shares of the technology company’s stock valued at $31,000 after acquiring an additional 18,523 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Angi during the fourth quarter valued at $33,000. Finally, Two Sigma Securities LLC bought a new position in Angi in the fourth quarter valued at about $41,000. 12.84% of the stock is owned by institutional investors.

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.