Stocks of Angi Inc (ANGI) are poised to climb above their peers

Angi Inc (NASDAQ: ANGI) stock jumped 4.55% on Friday to $2.07 against a previous-day closing price of $1.98. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.84 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $2.0900 whereas the lowest price it dropped to was $1.9700. The 52-week range on ANGI shows that it touched its highest point at $4.18 and its lowest point at $1.54 during that stretch. It currently has a 1-year price target of $3.87. Beta for the stock currently stands at 1.75.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ANGI was up-trending over the past week, with a rise of 18.29%, but this was up by 18.97% over a month. Three-month performance dropped to -13.39% while six-month performance fell -34.70%. The stock lost -4.61% in the past year, while it has lost -11.91% so far this year. A look at the trailing 12-month EPS for ANGI yields -0.18 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.02. This implies an EPS growth rate of 65.20% for this year and 58.66% for next year.

Float and Shares Shorts:

At present, 82.60 million ANGI shares are outstanding with a float of 77.91 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.53 million, which was 1.09% higher than short shares on Sep 28, 2023. In addition to Mr. Joseph M. Levin as the firm’s CEO & Chairman of the Board, Mr. Andrew Russakoff serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 83.73% of ANGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.29% of ANGI, in contrast to 31.01% held by mutual funds. Shares owned by individuals account for 16.29%. As the largest shareholder in ANGI with 11.04% of the stake, Brown Advisory LLC holds 9,302,408 shares worth 9,302,408. A second-largest stockholder of ANGI, The Vanguard Group, Inc., holds 6,520,950 shares, controlling over 7.74% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ANGI, holding 6,430,138 shares or 7.63% stake. With a 2.82% stake in ANGI, the Fidelity Select Communication Ser is the largest stakeholder. A total of 2,373,500 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.61% of ANGI stock, is the second-largest Mutual Fund holder. It holds 2,202,894 shares valued at 3.55 million. Brown Advisory Small Cap Growth F holds 2.41% of the stake in ANGI, owning 2,032,058 shares worth 3.27 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ANGI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ANGI analysts setting a high price target of $7.00 and a low target of $2.20, the average target price over the next 12 months is $3.87. Based on these targets, ANGI could surge 238.16% to reach the target high and rise by 6.28% to reach the target low. Reaching the average price target will result in a growth of 86.96% from current levels.

Summary of Insider Activity:

Insiders traded ANGI stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 141,777 shares were bought while 48,790 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 844,068 while 326,038 shares were sold.