Squarepoint Ops LLC Makes New $74,000 Investment in Angi Inc. (NASDAQ:ANGI)

Squarepoint Ops LLC acquired a new position in Angi Inc. (NASDAQ:ANGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,432 shares of the technology company’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. ArrowMark Colorado Holdings LLC grew its stake in shares of Angi by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,997,332 shares of the technology company’s stock worth $8,296,000 after buying an additional 267,946 shares in the last quarter. Westerly Capital Management LLC lifted its holdings in shares of Angi by 20.9% in the 4th quarter. Westerly Capital Management LLC now owns 2,840,000 shares of the technology company’s stock worth $4,714,000 after acquiring an additional 490,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Angi by 113.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,722,460 shares of the technology company’s stock worth $2,859,000 after acquiring an additional 914,037 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Angi by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after acquiring an additional 158,662 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Angi by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after acquiring an additional 207,300 shares during the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Angi Trading Down 0.3%

Shares of ANGI opened at $16.58 on Wednesday. Angi Inc. has a 1-year low of $10.88 and a 1-year high of $29.15. The company has a 50-day moving average of $14.09 and a 200 day moving average of $16.13. The firm has a market capitalization of $795.62 million, a price-to-earnings ratio of 207.28 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.14 and a quick ratio of 2.05.

Angi (NASDAQ:ANGI) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.24. Angi had a net margin of 3.04% and a return on equity of 3.41%. The company had revenue of $245.91 million during the quarter, compared to analyst estimates of $239.73 million. On average, research analysts expect that Angi Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ANGI shares. Citigroup lowered their target price on shares of Angi from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Royal Bank of Canada lowered their target price on shares of Angi from $27.50 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded shares of Angi from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. KeyCorp lowered their target price on shares of Angi from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, UBS Group lowered their target price on shares of Angi from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.36.

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.