Selling Buzz: Angi Inc. [ANGI] Director Hicks Bowman Angela R. sells 5,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Angi Inc. shares valued at $25,950 were sold by Hicks Bowman Angela R. on Aug 15. At $5.19 per share, Hicks Bowman Angela R. sold 5,000 shares. The insider’s holdings dropped to 194,941 shares worth approximately $0.58 million following the completion of this transaction.


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Also, Hicks Bowman Angela R. sold 5,000 shares, netting a total of over 25,000 in proceeds. Following the sale of shares at $5.00 each, the insider now holds 199,941 shares.

Before that, Hicks Bowman Angela R. had sold 5,000 shares from its account. In a trade valued at $25,000, the Director traded Angi Inc. shares for $5.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.61 million.

Analysts at Truist resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of August 06, 2021, RBC Capital Mkts has reiterated its “Sector perform” rating for ANGI. Earlier on August 06, 2021, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for ANGI stock.

Analyzing ANGI’s Price Performance

On Wednesday, Angi Inc. [NASDAQ: ANGI] plunged -4.50% to $2.97. The stock’s lowest price that day was $2.97, but it reached a high of $3.1298 in the same session. During the last five days, there has been a drop of approximately -12.65%. Over the course of the year, Angi Inc. shares have dropped approximately -67.75%. Shares of the company reached a 52-week high of $9.64 on 01/03/22 and a 52-week low of $2.97 on 09/21/22. A 50-day SMA is recorded $4.59, while a 200-day SMA reached $5.98. Nevertheless, trading volume fell to 1.24 million shares from 1.15 million shares the previous day.

Support And Resistance Levels for Angi Inc. (ANGI)

According to the 24-hour chart, there is a support level at 2.92, which, if violated, would cause prices to drop to 2.86. In the upper region, resistance lies at 3.08. The next price resistance is at 3.18. RSI (Relative Strength Index) is 24.36 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Angi Inc. subject to short interest?

Stocks of Angi Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.27 million shares to 5.84 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.57 million shares. A jump of 4.62% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.65.

Which companies own the most shares of Angi Inc. (ANGI)?

According to Brown Advisory LLC filings, the company currently owns 11,923,222 shares, which is about 14.67% of the total ANGI shares outstanding. The investor’s shares have plunged by -61,541 from its previous 13-F filing of 11984763.0 shares. With the completion of the buy transaction, HighSage Ventures LLC’s stake is now worth $26,281,066. The Vanguard Group, Inc. reduced a -4.96% interest valued at $23.58 million while Freshford Capital Management LLC purchased a 1,716,990 stake. A total of 456,951 shares of Angi Inc. were bought by Ulysses Management LLC during the quarter, and 68,455 were bought by Fidelity Management & Research Co. In its current portfolio, Renaissance Technologies LLC holds 2,394,796 shares valued at $9.72 million.

In terms of Angi Inc. share price expectations, FactSet research, analysts set an average price target of $8.85 in the next 12 months, up nearly 189.39% from the previous closing price of $3.11. Analysts anticipate Angi Inc. stock to reach $13.00 by 2022, with the lowest price target being $5.00. In spite of this, 11 analysts ranked Angi Inc. stock as an Overweight at the end of 2022. On May 27, 2021, RBC Capital Mkts assigned a price target of “a Sector perform” to the stock and initiated coverage with a $15.

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