Connor Clark & Lunn Investment Management Ltd. Has $1.06 Million Stock Holdings in Angi Inc. (NASDAQ:ANGI)

Connor Clark & Lunn Investment Management Ltd. cut its stake in Angi Inc. (NASDAQ:ANGI) by 8.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 411,424 shares of the technology company’s stock after selling 37,594 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Angi were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Angi in the 2nd quarter valued at $26,000. Quadrature Capital Ltd raised its holdings in shares of Angi by 21.4% during the 1st quarter. Quadrature Capital Ltd now owns 96,857 shares of the technology company’s stock worth $256,000 after buying an additional 17,102 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Angi during the 2nd quarter worth $85,000. Assenagon Asset Management S.A. acquired a new position in shares of Angi during the 2nd quarter worth $183,000. Finally, Vanguard Group Inc. raised its holdings in shares of Angi by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,722,247 shares of the technology company’s stock worth $17,612,000 after buying an additional 95,514 shares in the last quarter. 12.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. KeyCorp lowered their price target on Angi from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. JMP Securities lowered their price target on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Citigroup cut Angi from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.25 to $2.00 in a report on Wednesday, November 13th. UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $3.25 to $2.50 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.11.

Angi Stock Performance

NASDAQ ANGI opened at $1.90 on Thursday. The business’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $2.30. Angi Inc. has a 12 month low of $1.65 and a 12 month high of $3.10. The firm has a market capitalization of $944.81 million, a PE ratio of 27.00 and a beta of 1.95. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.46.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.07 EPS for the quarter. Angi had a return on equity of 3.79% and a net margin of 2.61%. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, analysts expect that Angi Inc. will post 0.04 EPS for the current year.

Angi 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.