Angi (NASDAQ:ANGI) Issues Earnings Results

Angi (NASDAQ:ANGI) issued its earnings results on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same period in the prior year, the firm earned ($0.01) EPS.

Angi Price Performance

Shares of NASDAQ ANGI traded down $0.08 during midday trading on Wednesday, hitting $1.85. 1,619,559 shares of the company’s stock were exchanged, compared to its average volume of 731,474. The business’s fifty day moving average price is $2.52 and its two-hundred day moving average price is $2.33. The company has a current ratio of 2.05, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. The company has a market cap of $920.05 million, a price-to-earnings ratio of 26.36 and a beta of 1.95. Angi has a 12-month low of $1.79 and a 12-month high of $3.10.

Wall Street Analyst Weigh In

Several research firms recently commented on ANGI. UBS Group upgraded shares of Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and decreased their target price for the company from $3.25 to $2.50 in a research report on Wednesday. Citigroup cut Angi from a “buy” rating to a “neutral” rating and dropped their price target for the company from $3.25 to $2.00 in a research note on Wednesday. Benchmark cut their target price on shares of Angi from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JMP Securities reduced their price target on Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.25.

Angi Company 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.