Angi (NASDAQ:ANGI) Issues Earnings Results, Misses Estimates By $0.08 EPS

Angi (NASDAQ:ANGI) announced its quarterly earnings results on Tuesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. The firm had revenue of $242.02 million during the quarter, compared to the consensus estimate of $242.35 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.

Angi Stock Down 2.6%

Shares of ANGI stock traded down $0.15 on Tuesday, hitting $5.64. The stock had a trading volume of 755,134 shares, compared to its average volume of 1,033,728. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day moving average of $5.60 and a 200 day moving average of $6.80. Angi has a 12-month low of $4.26 and a 12-month high of $14.58. The stock has a market cap of $228.14 million, a price-to-earnings ratio of -1.02 and a beta of 1.71.

Analyst Ratings Changes

A number of equities research analysts have commented on ANGI shares. UBS Group set a $14.00 price objective on Angi in a research note on Thursday, September 24th. Wall Street Zen lowered shares of Angi from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Citizens Jmp reiterated a “market perform” rating on shares of Angi in a report on Monday, July 13th. Truist Financial set a $10.00 price objective on shares of Angi and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $6.00 price target on shares of Angi and gave the company a “neutral” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.57.

About Angi

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.