Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram Sells 11,748 Shares of Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the completion of the sale, the chief technology officer now owns 160,506 shares in the company, valued at $341,877.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kulesh Shanmugasundaram also recently made the following trade(s):

• On Monday, April 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The stock was sold at an average price of $2.58, for a total transaction of $30,309.84.
• On Wednesday, March 6th, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.58, for a total transaction of $30,309.84.
• On Thursday, February 1st, Kulesh Shanmugasundaram sold 12,000 shares of Angi stock. The stock was sold at an average price of $2.41, for a total value of $28,920.00.

Angi Trading Up 3.3 %

Shares of ANGI stock opened at $2.18 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.09 billion, a P/E ratio of -27.25 and a beta of 1.96. The business has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $2.32. Angi Inc. has a 12-month low of $1.54 and a 12-month high of $4.18.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. Equities analysts anticipate that Angi Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Several hedge funds have recently made changes to their positions in ANGI. Victory Capital Management Inc. purchased a new stake in Angi in the fourth quarter worth $26,000. DAVENPORT & Co LLC purchased a new position in Angi during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC raised its holdings in Angi by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after purchasing an additional 10,447 shares in the last quarter. Boulder Hill Capital Management LP purchased a new stake in shares of Angi in the 4th quarter worth about $57,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Angi by 44.6% during the 1st quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after purchasing an additional 7,649 shares in the last quarter. 12.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANGI has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. The Goldman Sachs Group increased their price target on shares of Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, UBS Group upped their target price on shares of Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.23.

Angi Company 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.