Angi (NASDAQ:ANGI) Announces Earnings Results

Angi (NASDAQ:ANGI) announced its quarterly earnings data on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The firm had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the firm earned ($0.01) earnings per share.

Angi Trading Down 26.3 %

Shares of NASDAQ ANGI opened at $1.93 on Wednesday. The company’s fifty day moving average is $2.53 and its 200-day moving average is $2.33. The stock has a market cap of $962.43 million, a price-to-earnings ratio of 27.57 and a beta of 1.95. Angi has a twelve month low of $1.74 and a twelve month high of $3.10. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.21.

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.