Claro Advisors LLC Has $327,000 Stake in Angi Inc. (NASDAQ:ANGI)

Claro Advisors LLC grew its stake in Angi Inc. (NASDAQ:ANGI) by 81.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,659 shares of the technology company’s stock after buying an additional 56,074 shares during the period. Claro Advisors LLC’s holdings in Angi were worth $327,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in shares of Angi in the fourth quarter valued at approximately $199,000. Pale Fire Capital SE lifted its position in Angi by 377.0% during the 4th quarter. Pale Fire Capital SE now owns 6,284,234 shares of the technology company’s stock worth $15,648,000 after acquiring an additional 4,966,764 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Angi by 140.5% during the fourth 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 period. General American Investors Co. Inc. grew its position in shares of Angi by 20.7% in the fourth quarter. General American Investors Co. Inc. now owns 1,433,704 shares of the technology company’s stock valued at $3,570,000 after purchasing an additional 246,335 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new position in shares of Angi in the fourth quarter worth about $57,000. Institutional investors own 12.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ANGI shares. Citigroup decreased their target price on Angi from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, May 9th. KeyCorp reduced their price objective on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.13.

Angi Price Performance

Shares of ANGI stock opened at $1.88 on Tuesday. Angi Inc. has a 12 month low of $1.55 and a 12 month high of $4.18. The company has a market capitalization of $943.27 million, a P/E ratio of -37.60 and a beta of 2.01. The stock has a 50 day moving average of $2.14 and a two-hundred day moving average of $2.36. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.48.

Insider Activity at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total transaction of $25,023.24. Following the sale, the chief technology officer now owns 160,506 shares in the company, valued at $341,877.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

Angi 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.