Angi (NASDAQ:ANGI) Issues Earnings Results

Angi (NASDAQ:ANGI) issued its earnings results on Tuesday. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10), Zacks reports. Angi had a return on equity of 5.73% and a net margin of 5.50%.

Angi Stock Down 1.4%

NASDAQ:ANGI traded down $0.18 during midday trading on Tuesday, reaching $12.87. 1,839,810 shares of the stock traded hands, compared to its average volume of 817,942. Angi has a 12-month low of $10.88 and a 12-month high of $27.10. The business has a 50-day moving average of $15.87 and a two-hundred day moving average of $15.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $570.68 million, a PE ratio of 10.46 and a beta of 1.75.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Angi from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings downgraded shares of Angi from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Angi from $17.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Finally, KeyCorp dropped their price objective on shares of Angi from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.21.

Angi Company Profile

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.