Angi (NASDAQ:ANGI) Issues Earnings Results

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

Angi Price Performance

ANGI opened at $5.64 on Wednesday. The company has a market capitalization of $228.14 million, a price-to-earnings ratio of -1.02 and a beta of 1.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $5.61 and a 200-day moving average price of $6.77. Angi has a twelve month low of $4.26 and a twelve month high of $14.58.

Analyst Upgrades and Downgrades

ANGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Angi in a research note on Friday, September 11th. They issued an “underweight” rating on the stock. Truist Financial set a $10.00 price target on Angi and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Monday, September 21st. Wall Street Zen lowered Angi from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, UBS Group set a $14.00 price objective on Angi in a research report on Thursday, September 24th. 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, the stock has an average rating of “Hold” and an average target price 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.