Angi (NASDAQ:ANGI) Announces Earnings Results

Angi (NASDAQ:ANGI) announced its quarterly earnings results on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.79%. During the same quarter in the previous year, the firm posted ($0.01) EPS.

Angi Stock Performance

ANGI stock opened at $1.85 on Thursday. The company has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.33. Angi has a fifty-two week low of $1.79 and a fifty-two week high of $3.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.98. The stock has a market capitalization of $920.05 million, a PE ratio of 26.36 and a beta of 1.95.

Analysts Set New Price Targets

A number of analysts recently weighed in on ANGI shares. UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. Citigroup lowered Angi from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.00 in a research note on Wednesday. Benchmark cut their target price on Angi from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $2.50 in a research report on Wednesday. Finally, JMP Securities cut their price objective on Angi from $3.25 to $3.00 and set a “market outperform” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Angi has a consensus rating of “Moderate Buy” and an average target price of $3.25.

About Angi

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.