Angi (ANGI) to Release Earnings on Tuesday

Angi (NASDAQ:ANGI) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Angi to post earnings of ($0.01) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Angi (NASDAQ:ANGI) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. On average, analysts expect Angi to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Angi Stock Up 4.1 %

Shares of ANGI opened at $2.54 on Monday. The firm has a market cap of $1.28 billion, a PE ratio of -31.75 and a beta of 1.97. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.33. Angi has a fifty-two week low of $1.54 and a fifty-two week high of $4.18.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $2.58, for a total transaction of $30,309.84. Following the transaction, the chief technology officer now directly owns 166,034 shares of the company’s stock, valued at $428,367.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 35,244 shares of company stock valued at $85,643 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ANGI. Royal Bank of Canada boosted their price target on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. KeyCorp decreased their target price on Angi from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday. The Goldman Sachs Group raised their price target on shares of Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, UBS Group raised their target price on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.11.

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.