Tudor Investment Corp Et Al Makes New Investment in Angi Inc. (NASDAQ:ANGI)

Tudor Investment Corp Et Al bought a new position in Angi Inc. (NASDAQ:ANGI – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 120,745 shares of the technology company’s stock, valued at approximately $356,000.

Other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. raised its position in Angi by 1.3% during the third quarter. Brown Advisory Inc. now owns 12,517,402 shares of the technology company’s stock valued at $36,927,000 after buying an additional 161,489 shares during the period. Hidden Lake Asset Management LP purchased a new stake in shares of Angi in the third quarter worth approximately $6,055,000. CenterBook Partners LP purchased a new stake in shares of Angi in the third quarter worth approximately $113,000. Point72 Asset Management L.P. boosted its holdings in shares of Angi by 10.3% during the third quarter. Point72 Asset Management L.P. now owns 1,875,814 shares of the technology company’s stock worth $5,534,000 after purchasing an additional 175,600 shares during the period. Finally, 683 Capital Management LLC grew its position in Angi by 13.4% during the third quarter. 683 Capital Management LLC now owns 1,420,298 shares of the technology company’s stock valued at $4,190,000 after purchasing an additional 168,298 shares in the last quarter. 11.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ANGI shares. Wells Fargo & Company decreased their target price on shares of Angi from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, January 19th. Citigroup upped their target price on Angi from $2.60 to $3.40 and gave the stock a “buy” rating in a research report on Monday, February 13th. Piper Sandler reduced their price target on Angi from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Wednesday, November 9th. The Goldman Sachs Group dropped their price objective on Angi from $8.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. Finally, Royal Bank of Canada reduced their target price on shares of Angi from $6.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, November 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Angi presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.79.

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 48,164 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $3.00, for a total value of $144,492.00. Following the sale, the chief technology officer now directly owns 22,416 shares of the company’s stock, valued at $67,248. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 48,570 shares of company stock valued at $145,710 in the last quarter. Insiders own 2.40% of the company’s stock.

Angi Price Performance

NASDAQ ANGI opened at $2.44 on Thursday. Angi Inc. has a 1 year low of $1.81 and a 1 year high of $6.52. The company has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.23 billion, a P/E ratio of -9.38 and a beta of 1.68.

About Angi

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Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.