Angi Inc. (NASDAQ:ANGI) Stake Lowered by XTX Topco Ltd

XTX Topco Ltd decreased its stake in Angi Inc. (NASDAQ:ANGI) by 78.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,818 shares of the technology company’s stock after selling 103,822 shares during the period. XTX Topco Ltd’s holdings in Angi were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Angi in the second quarter worth $26,000. BNP Paribas Financial Markets increased its holdings 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 worth $65,000 after acquiring an additional 7,649 shares during the period. Cutter & CO Brokerage Inc. bought a new stake in Angi in the 1st quarter valued at about $108,000. SG Americas Securities LLC bought a new stake in Angi in the 1st quarter valued at about $162,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Angi in the first quarter valued at approximately $165,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Insider Activity

In related news, CTO Kulesh Shanmugasundaram sold 11,748 shares of Angi stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $2.32, for a total transaction of $27,255.36. Following the transaction, the chief technology officer now directly owns 125,262 shares of the company’s stock, valued at $290,607.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities started coverage on Angi in a research report on Tuesday, July 9th. They set an “outperform” rating and a $3.25 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.78.

Angi Trading Down 0.8 %

Shares of NASDAQ:ANGI opened at $2.52 on Thursday. The company has a 50 day moving average of $2.53 and a 200-day moving average of $2.31. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.26 billion, a P/E ratio of -50.40 and a beta of 1.95. Angi Inc. has a twelve month low of $1.54 and a twelve month high of $3.10.

Angi (NASDAQ:ANGI) last released its earnings results 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 return on equity of 0.07% and a negative net margin of 0.68%. The firm had revenue of $315.13 million during the quarter, compared to the consensus estimate of $305.06 million. During the same period in the prior year, the firm posted ($0.03) earnings per share.

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.