Angi (NASDAQ:ANGI) Sees Unusually-High Trading Volume – Time to Buy?

Angi Inc. (NASDAQ:ANGI) saw unusually-high trading volume on Monday . Approximately 2,119,687 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 867,966 shares.The stock last traded at $1.70 and had previously closed at $1.66.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com cut Angi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Benchmark decreased their price objective on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. KeyCorp dropped their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average target price of $3.05.

Angi Price Performance

The company has a 50-day moving average of $1.74 and a 200 day moving average of $2.08. The company has a quick ratio of 2.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $775.74 million, a PE ratio of 19.50 and a beta of 1.91.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 914,037 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in Angi in the 4th quarter valued at about $1,079,000. Westerly Capital Management LLC increased its holdings in shares of Angi by 20.9% during the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after buying an additional 490,000 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Angi during the 4th quarter valued at approximately $469,000. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in Angi by 5.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock valued at $8,296,000 after acquiring an additional 267,946 shares during the last quarter. Hedge funds and other institutional investors own 12.84% of the company’s stock.

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.