Trust Co of the South Has $85,000 Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Trust Co of the South lifted its position in shares of Angi Inc. (NASDAQ:ANGI) by 98.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,286 shares of the technology company’s stock after purchasing an additional 25,500 shares during the quarter. Trust Co of the South’s holdings in Angi were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ANGI. Headlands Technologies LLC purchased a new stake in shares of Angi in the second quarter valued at about $26,000. Barclays PLC grew its position in Angi by 1,255.5% in the 3rd quarter. Barclays PLC now owns 16,401 shares of the technology company’s stock worth $42,000 after purchasing an additional 15,191 shares in the last quarter. Centiva Capital LP purchased a new stake in Angi in the 3rd quarter valued at about $46,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Angi in the 2nd quarter worth approximately $85,000. Finally, Verition Fund Management LLC bought a new position in shares of Angi in the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 12.84% of the company’s stock.

Angi Price Performance

Angi stock traded down $0.05 during mid-day trading on Thursday, hitting $1.62. 372,417 shares of the company traded hands, compared to its average volume of 791,117. The stock has a fifty day moving average price of $1.98 and a 200-day moving average price of $2.23. The stock has a market cap of $803.09 million, a price-to-earnings ratio of 23.07 and a beta of 1.86. Angi Inc. has a one year low of $1.57 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.05 and a current ratio of 2.05.

Angi (NASDAQ:ANGI) last issued its earnings results on Monday, November 11th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Angi had a net margin of 2.61% and a return on equity of 3.79%. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter last year, the business earned ($0.01) earnings per share. On average, equities analysts predict that Angi Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group upgraded shares of Angi to a “hold” rating in a report on Monday, October 28th. Citigroup downgraded Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.00 in a research note on Wednesday, November 13th. KeyCorp lowered their target price on Angi from $3.00 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Benchmark cut their price target on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.11.

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.