Angi (NASDAQ:ANGI) Issues Earnings Results

Angi (NASDAQ:ANGI) released its quarterly earnings data on Tuesday. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83), FiscalAI reports. Angi had a return on equity of 2.06% and a net margin of 1.93%.The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $253.43 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis.

Angi Stock Up 4.7%

Shares of ANGI traded up $0.28 during trading hours on Tuesday, reaching $6.21. The company’s stock had a trading volume of 634,537 shares, compared to its average volume of 555,961. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. The firm has a market cap of $251.19 million, a price-to-earnings ratio of 15.15 and a beta of 1.62. The company has a 50 day moving average of $5.84 and a two-hundred day moving average of $7.40. Angi has a 1-year low of $4.53 and a 1-year high of $19.42.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ANGI shares. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a report on Wednesday, June 24th. Citizens Jmp reiterated a “market perform” rating on shares of Angi in a research note on Monday, July 13th. KeyCorp lowered shares of Angi from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.43.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.