Angi (NASDAQ:ANGI) Posts Earnings Results

by · The Cerbat Gem

Angi (NASDAQ:ANGI – Get Free Report) released its quarterly earnings data on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $296.72 million for the quarter, compared to analyst estimates of $295.90 million. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. During the same period in the previous year, the company posted ($0.01) EPS.

Angi Price Performance

Shares of ANGI stock traded down $0.69 during trading on Tuesday, hitting $1.93. The company had a trading volume of 4,567,234 shares, compared to its average volume of 727,365. The stock’s 50-day moving average is $2.55 and its two-hundred day moving average is $2.34. The stock has a market capitalization of $962.43 million, a price-to-earnings ratio of -205.00 and a beta of 1.95. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48. Angi has a 52 week low of $1.74 and a 52 week high of $3.10.

Analysts Set New Price Targets

Separately, UBS Group raised Angi to a “hold” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $3.21.

Read Our Latest Analysis on ANGI

About Angi

(Get Free Report)

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.

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