UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 83,704 Shares of Angi Inc. (NASDAQ:ANGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Angi Inc. (NASDAQ:ANGI) by 46.8% in the third quarter, HoldingsChannel.com reports. The firm owned 262,529 shares of the technology company’s stock after purchasing an additional 83,704 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Angi were worth $677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC increased its stake in Angi by 152.5% in the 3rd quarter. Inspire Investing LLC now owns 462,100 shares of the technology company’s stock worth $1,192,000 after buying an additional 279,083 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Angi in the second quarter valued at about $183,000. Dimensional Fund Advisors LP boosted its stake in shares of Angi by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,855,694 shares of the technology company’s stock worth $3,562,000 after acquiring an additional 494,739 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Angi during the second quarter worth about $26,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Angi during the 3rd quarter valued at approximately $645,000. 12.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $3.25 to $2.50 in a research note on Wednesday, November 13th. Benchmark dropped their target price 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 reduced their price target on shares of Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.25 to $2.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Angi has an average rating of “Hold” and a consensus price target of $3.11.

Angi Price Performance

ANGI stock opened at $1.70 on Friday. Angi Inc. has a 52 week low of $1.62 and a 52 week high of $3.10. The firm has a market capitalization of $845.36 million, a P/E ratio of 24.29 and a beta of 1.86. The company has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $2.26. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. During the same quarter last year, the firm earned ($0.01) EPS. Analysts anticipate that Angi Inc. 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.