Angi (NASDAQ:ANGI) Posts Quarterly Earnings Results

Angi (NASDAQ:ANGI) issued its quarterly earnings data on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Angi had a net margin of 2.61% and a return on equity of 3.81%. The business had revenue of $296.72 million during the quarter, compared to analyst estimates of $295.90 million. During the same quarter last year, the business earned ($0.01) EPS.

Angi Stock Down 5.4 %

ANGI stock traded down $0.11 during midday trading on Wednesday, reaching $1.83. 495,158 shares of the company’s stock traded hands, compared to its average volume of 726,323. Angi has a 52 week low of $1.79 and a 52 week high of $3.10. The company has a market cap of $910.07 million, a price-to-earnings ratio of 27.57 and a beta of 1.95. The firm’s fifty day moving average price is $2.53 and its 200-day moving average price is $2.33. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup cut shares of Angi from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $3.25 to $2.00 in a research note on Wednesday. The Goldman Sachs Group cut Angi from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.25 to $2.50 in a research note on Wednesday. Finally, UBS Group raised Angi to a “hold” rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Angi currently has an average rating of “Hold” and an average price target of $2.83.

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.