Short Interest in Angi Inc. (NASDAQ:ANGI) Decreases By 23.1%

Angi Inc. (NASDAQ:ANGI) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 6,057,677 shares, a drop of 23.1% from the March 15th total of 7,872,732 shares. Approximately 15.4% of the shares of the company are short sold. Based on an average daily volume of 1,656,449 shares, the short-interest ratio is currently 3.7 days.

Angi Price Performance

Shares of Angi stock opened at $7.27 on Friday. The business has a 50 day moving average of $7.95 and a 200 day moving average of $11.19. Angi has a 52 week low of $6.43 and a 52 week high of $19.42. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.54. The company has a market cap of $291.56 million, a PE ratio of 7.82 and a beta of 1.82.

Angi (NASDAQ:ANGI) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $245.58 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. As a group, equities research analysts forecast that Angi will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANGI. Zacks Research raised shares of Angi from a “strong sell” rating to a “hold” rating in a report on Monday. UBS Group restated a “neutral” rating on shares of Angi in a research report on Thursday, February 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 target price (down from $18.00) on shares of Angi in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. Finally, Truist Financial set a $17.00 price objective on shares of Angi and gave the stock a “buy” rating in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Angi currently has a consensus rating of “Hold” and an average price target of $15.33.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.