Shares of Angi Inc. (NASDAQ:ANGI – Get Free Report) passed above its 200-day moving average during trading on Wednesday following a better than expected earnings announcement. The stock has a 200-day moving average of $6.74 and traded as high as $7.66. Angi shares last traded at $6.84, with a volume of 3,272,826 shares trading hands.
The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Angi had a negative net margin of 23.85% and a positive return on equity of 0.49%. The company had revenue of $242.02 million for the quarter, compared to analyst estimates of $242.35 million.
Angi News Roundup
Here are the key news stories impacting Angi this week:
- Positive Sentiment: Angi says its home-services marketplace is among the first available in Google Search’s AI Mode. The partnership could help Angi reach customers through emerging AI-powered search, though the financial benefit is not yet clear. Article: Angi Leads Home Services into AI Search with Google
- Positive Sentiment: Cost actions and AI initiatives are contributing to margin improvement, according to a Q3 review. The company’s announced 13% workforce reduction is intended to generate $55 million in annual savings, which could help profitability if revenue stabilizes. Article: ANGI Q3 2026 deep dive
- Neutral Sentiment: Revenue was $242.02 million, roughly in line with expectations of $242.35 million. This limits the revenue miss, but does not resolve concerns about the business’s growth trajectory. Article: Angi Reports Q3 2026 Results
- Negative Sentiment: Quarterly EPS of $0.03 fell short of analyst estimates, which ranged from $0.11 to $0.14 in the cited reports, and was down from $0.23 a year earlier. The earnings miss is a near-term negative for investor sentiment. Article: Angi Lags Q3 Earnings and Revenue Estimates
- Negative Sentiment: A bearish analysis argues that layoffs may not offset structural weakness, including a shrinking marketplace and losses of service professionals and customers. It cites Wall Street expectations for FY27 revenue to decline 1% to $946.3 million, with scale-related pressures potentially limiting margin gains. Article: Angi: Layoffs A Good First Step, But Not Enough To Save This Business
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of Angi in a research report on Monday, July 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a research report on Monday, September 21st. UBS Group set a $14.00 price target on Angi in a research note on Thursday, September 24th. The Goldman Sachs Group set a $6.00 price target on Angi and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered Angi from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Angi has an average rating of “Hold” and an average target price of $10.57.
Check Out Our Latest Stock Report on Angi
Institutional Trading of Angi
A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. Versant Capital Management Inc lifted its position in shares of Angi by 81.4% during the third quarter. Versant Capital Management Inc now owns 5,810 shares of the technology company’s stock worth $33,000 after purchasing an additional 2,608 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Angi in the first quarter valued at approximately $25,000. GAMMA Investing LLC grew its holdings in shares of Angi by 1,047.4% in the third quarter. GAMMA Investing LLC now owns 4,475 shares of the technology company’s stock valued at $26,000 after purchasing an additional 4,085 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of Angi in the first quarter valued at approximately $73,000. Finally, Vise Technologies Inc. acquired a new position in shares of Angi in the third quarter valued at approximately $74,000. 12.84% of the stock is currently owned by hedge funds and other institutional investors.
Angi Stock Performance
The firm’s 50 day moving average is $5.65 and its two-hundred day moving average is $6.74. The stock has a market capitalization of $276.68 million, a PE ratio of -1.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.
About Angi
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.
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