Angi (NASDAQ:ANGI) Releases Earnings Results, Misses Expectations By $5.83 EPS

Angi (NASDAQ:ANGI) posted its earnings results on Tuesday. The technology company reported ($5.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83), FiscalAI reports. Angi had a negative net margin of 22.35% and a positive return on equity of 1.42%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $253.43 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue was down 10.9% compared to the same quarter last year.

Angi Stock Down 23.0%

ANGI opened at $4.78 on Thursday. Angi has a 1-year low of $4.26 and a 1-year high of $19.42. The stock has a market cap of $193.35 million, a PE ratio of -0.87 and a beta of 1.62. The stock’s fifty day simple moving average is $5.82 and its 200 day simple moving average is $7.35. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Angi in a report on Tuesday, May 26th. The Goldman Sachs Group set a $6.00 target price on Angi and gave the stock a “neutral” rating in a report on Monday, July 13th. Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a report on Monday, July 13th. Royal Bank Of Canada set a $14.00 target price on Angi in a research note on Tuesday, May 26th. Finally, Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Two 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 data from MarketBeat.com, the stock currently has an average 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.