Angi Sees Unusually Large Options Volume (NASDAQ:ANGI)

Angi Inc. (NASDAQ:ANGI) saw some unusual options trading activity on Wednesday. Stock traders purchased 5,969 call options on the company. This is an increase of approximately 2,017% compared to the average volume of 282 call options.

Angi Trading Down 2.0%

NASDAQ ANGI opened at $14.19 on Thursday. The company’s 50-day moving average price is $17.27 and its 200-day moving average price is $15.76. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a market cap of $629.18 million, a PE ratio of 11.54 and a beta of 1.75. Angi has a 12 month low of $10.88 and a 12 month high of $27.10.

Angi (NASDAQ:ANGI) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $278.22 million during the quarter, compared to the consensus estimate of $261.02 million. Angi had a return on equity of 5.73% and a net margin of 5.50%.The business’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts forecast that Angi will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ANGI. JMP Securities reissued a “market perform” rating on shares of Angi in a research note on Monday, June 16th. UBS Group increased their target price on shares of Angi from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Zacks Research downgraded shares of Angi from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Citigroup downgraded shares of Angi from a “buy” rating to a “market perform” rating in a research note on Monday, June 16th. Finally, Weiss Ratings downgraded shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.07.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Angi stock. Poehling Capital Management INC. bought a new position in shares of Angi Inc. (NASDAQ:ANGI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,146 shares of the technology company’s stock, valued at approximately $231,000. 12.84% of the stock is currently owned by institutional investors and hedge funds.

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.