Angi (NASDAQ:ANGI) Posts Quarterly Earnings Results

Angi (NASDAQ:ANGI) posted its quarterly earnings data on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $296.72 million during the quarter, compared to the consensus estimate of $295.90 million. Angi had a net margin of 2.61% and a return on equity of 3.81%. During the same quarter last year, the company posted ($0.01) earnings per share.

Angi Price Performance

ANGI traded down $0.11 during trading on Wednesday, reaching $1.83. 495,158 shares of the company were exchanged, compared to its average volume of 726,323. Angi has a 12-month low of $1.79 and a 12-month high of $3.10. The company’s 50-day moving average is $2.53 and its two-hundred day moving average is $2.33. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $910.07 million, a price-to-earnings ratio of 27.57 and a beta of 1.95.

Analyst Ratings Changes

ANGI has been the topic of several research reports. UBS Group upgraded Angi to a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group downgraded shares of Angi from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $3.25 to $2.50 in a report on Wednesday. Finally, Citigroup downgraded shares of Angi from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.25 to $2.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Angi has a consensus rating of “Hold” and a consensus target price of $2.83.

About Angi

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.