Angi (NASDAQ:ANGI) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Angi (NASDAQ:ANGI) issued its quarterly earnings results on Tuesday. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. The company had revenue of $242.02 million for the quarter, compared to analysts’ expectations of $242.35 million. Angi had a positive return on equity of 1.52% and a negative net margin of 22.35%.

Angi Stock Performance

NASDAQ ANGI traded down $0.15 during trading hours on Tuesday, hitting $5.64. 756,798 shares of the stock were exchanged, compared to its average volume of 1,034,135. The company has a market cap of $228.14 million, a price-to-earnings ratio of -1.02 and a beta of 1.71. The stock has a 50-day moving average of $5.60 and a 200 day moving average of $6.80. Angi has a 12-month low of $4.26 and a 12-month high of $14.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

ANGI has been the subject of several recent research reports. Citizens Jmp reiterated a “market perform” rating on shares of Angi in a research note on Monday, July 13th. Truist Financial set a $10.00 target price on shares of Angi and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $6.00 price target on shares of Angi and gave the stock a “neutral” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. started coverage on shares of Angi in a report on Friday, September 11th. They set an “underweight” rating for the company. Finally, UBS Group set a $14.00 target price on Angi in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.57.

Angi Company Profile

Angi Inc (NASDAQ: ANGI) operates a digital marketplace that connects homeowners with professionals who provide home improvement, maintenance and repair services. Through its online and mobile platforms, the company helps consumers find, compare and contact service providers for projects ranging from remodeling and landscaping to plumbing, electrical work and cleaning.

Angi’s business includes consumer-facing brands and services such as Angi and HomeAdvisor, as well as the Angi Leads and Angi Services offerings.