Following The Money: Institution’s Growing Stake In Angi Inc (NASDAQ: ANGI)

Angi Inc (ANGI) concluded trading on Wednesday at a closing price of $2.89, with 3.37 million shares of worth about $9.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.14% during that period and on Wednesday the price saw a gain of about 18.93%. Currently the company’s common shares owned by public are about 82.60M shares, out of which, 77.70M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 1,144,391 shares in 22 of the transactions. In 15 selling transactions, insiders dumped 294,456 shares.

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However, the stock later moved at a day high price of 3.0100, or with a gain of 18.93%. Stock saw a price change of 21.43% in past 5 days and over the past one month there was a price change of 25.65%. Year-to-date (YTD), ANGI shares are showing a performance of 16.06% which increased to 8.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.54 but also hit the highest price of $4.18 during that period. The average intraday trading volume for Angi Inc shares is 863.72K. The stock is currently trading 21.92% above its 20-day simple moving average (SMA20), while that difference is up 20.22% for SMA50 and it goes to 12.34% higher than SMA200.

Angi Inc (NASDAQ: ANGI) currently have 82.60M outstanding shares and institutions hold larger chunk of about 12.61% of that.

The stock has a current market capitalization of $1.47B and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ANGI, volatility over the week remained 8.77% while standing at 5.67% over the month.

Analysts are in expectations that Angi Inc (ANGI) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 68.52% while it is estimated to increase by 246.72% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on February 15, 2023 offering a Neutral rating for the stock and assigned a target price range of between $2 and $2.75 to it.

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