Angi (NASDAQ:ANGI) Shares Gap Down – Should You Sell?

Angi Inc. (NASDAQ:ANGI)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.62, but opened at $2.36. Angi shares last traded at $2.13, with a volume of 317,513 shares.

Analyst Ratings Changes

Separately, UBS Group raised shares of Angi to a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Angi has an average rating of “Moderate Buy” and a consensus price target of $3.21.

Angi Stock Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -207.00 and a beta of 1.95. The stock has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $2.34.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock valued at $65,000 after buying an additional 7,649 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Angi in the first quarter valued at $162,000. Picton Mahoney Asset Management lifted its holdings in shares of Angi by 3.5% in the first quarter. Picton Mahoney Asset Management now owns 323,293 shares of the technology company’s stock valued at $847,000 after buying an additional 10,793 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Angi by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock valued at $17,612,000 after buying an additional 95,514 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in shares of Angi by 21.4% during the first quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock valued at $256,000 after purchasing an additional 17,102 shares during the last quarter. Institutional investors and hedge funds own 12.84% of the company’s stock.

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.