Angi Target of Unusually Large Options Trading (NASDAQ:ANGI)

Angi Inc. (NASDAQ:ANGI) saw some unusual options trading activity on Monday. Stock traders purchased 31,655 put options on the company. This represents an increase of 2,009% compared to the typical volume of 1,501 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ANGI shares. Citigroup upped their price target on shares of Angi from $1.70 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.25 to $2.50 in a report on Wednesday, November 13th. Benchmark decreased their price target on shares of Angi from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Angi in a report on Wednesday, December 18th. Finally, UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.05.

Angi Stock Down 3.9 %

NASDAQ ANGI opened at $1.71 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.05 and a current ratio of 2.14. The firm has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $2.15. Angi has a twelve month low of $1.49 and a twelve month high of $2.94. The stock has a market cap of $850.33 million, a PE ratio of 21.38 and a beta of 1.86.

Institutional Investors Weigh In On Angi

Several hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Angi in the fourth quarter worth about $74,000. Two Sigma Advisers LP raised its position in Angi by 40.1% in the fourth quarter. Two Sigma Advisers LP now owns 724,518 shares of the technology company’s stock worth $1,203,000 after purchasing an additional 207,300 shares in the last quarter. Two Sigma Investments LP raised its position in Angi by 27.7% in the fourth quarter. Two Sigma Investments LP now owns 732,077 shares of the technology company’s stock worth $1,215,000 after purchasing an additional 158,662 shares in the last quarter. State of Wyoming acquired a new position in Angi in the fourth quarter worth about $69,000. Finally, Graham Capital Management L.P. acquired a new position in Angi in the fourth quarter worth about $46,000. Institutional investors own 12.84% of the company’s stock.

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.