Verition Fund Management LLC Buys Shares of 45,069 Angi Inc. (NASDAQ:ANGI)

Verition Fund Management LLC purchased a new position in Angi Inc. (NASDAQ:ANGI) during the third quarter, HoldingsChannel reports. The fund purchased 45,069 shares of the technology company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also modified their holdings of ANGI. Headlands Technologies LLC purchased a new stake in Angi during the second quarter worth $26,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Angi in the 2nd quarter worth about $85,000. Assenagon Asset Management S.A. purchased a new stake in shares of Angi in the 2nd quarter worth about $183,000. Cowen AND Company LLC acquired a new stake in Angi in the 2nd quarter valued at about $267,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Angi during the 3rd quarter valued at about $645,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Price Performance

ANGI stock opened at $1.74 on Tuesday. The stock has a market capitalization of $865.25 million, a price-to-earnings ratio of 24.86 and a beta of 1.86. The stock’s fifty day simple moving average is $2.19 and its 200-day simple moving average is $2.27. Angi Inc. has a 52-week low of $1.65 and a 52-week high of $3.10. 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 issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same period last year, the company earned ($0.01) EPS. Equities research analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

ANGI has been the topic of several recent research reports. UBS Group raised shares of Angi to a “hold” rating in a report on Monday, October 28th. Benchmark reduced their target price on Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and set a $3.00 price target on shares of Angi in a research report on Monday. KeyCorp cut their price target on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.25 to $2.50 in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.11.

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.