Headlands Technologies LLC Acquires Shares of 13,799 Angi Inc. (NASDAQ:ANGI)

Headlands Technologies LLC acquired a new stake in Angi Inc. (NASDAQ:ANGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,799 shares of the technology company’s stock, valued at approximately $26,000.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in Angi in the 4th quarter valued at about $26,000. Boulder Hill Capital Management LP purchased a new stake in shares of Angi in the 4th quarter valued at approximately $57,000. BNP Paribas Financial Markets grew its stake in shares of Angi by 44.6% in the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the period. Cutter & CO Brokerage Inc. purchased a new stake in shares of Angi in the 1st quarter valued at approximately $108,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Angi in the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Stock Performance

NASDAQ:ANGI opened at $2.71 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $1.36 billion, a P/E ratio of -54.40 and a beta of 1.95. The company has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.30. Angi Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $3.10.

Angi (NASDAQ:ANGI) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The firm had revenue of $315.13 million during the quarter, compared to analysts’ expectations of $305.06 million. During the same quarter last year, the company posted ($0.03) EPS.

Insider Buying and Selling at Angi

In other Angi news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $2.32, for a total value of $27,255.36. Following the completion of the transaction, the chief technology officer now owns 125,262 shares of the company’s stock, valued at approximately $290,607.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, JMP Securities initiated coverage on shares of Angi in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $3.25 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.78.

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.