Angi rose 3.7% during the afternoon session to $2.37 per share. As reported by Barrons: "Former Walt Disney CEO Michael Eisner just scooped up a large block of shares of the embattled internet and media company IAC. IAC stock ( ticker: IAC ) has lost almost two-thirds of its market value so far this year. Business has slowed at the company's majority-owned home-services business, ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Angi Inc. connects home service professionals with consumers in the United States and internationally. The company belongs to the Communication Services sector, which has an average price to earnings (P/E) ratio of 18.65 and an average price to book (P/B) ratio of 2.62. In contrast, Angi has a trailing 12 month P/E ratio of -11.1 and a P/B ratio of 1.1.
Angi has moved -74.0% over the last year compared to -10.2% for the S&P 500 -- a difference of -63.8%. Angi has a 52 week high of $10.28 and a 52 week low of $1.81. At today's price of $2.37 per share, Angi is -60.52% away from its target price of $5.99, and on average, analysts give the stock a rating of buy.17.6% of the company's shares are linked to short positions, and 94.3% of the shares are owned by institutional investors.
