Angi (NASDAQ:ANGI) Posts Earnings Results

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

Angi Price Performance

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

Analyst Upgrades and Downgrades

ANGI has been the topic of several recent research reports. JMP Securities decreased their price objective on shares of Angi from $3.25 to $3.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $3.25 to $2.00 in a research report on Wednesday. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered Angi from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $3.25 to $2.50 in a research report on Wednesday. Finally, Benchmark decreased their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.