Angi (NASDAQ:ANGI) Announces Quarterly Earnings Results

Angi (NASDAQ:ANGI) announced its earnings results on Monday. The technology company reported $0.07 EPS for the quarter, Zacks reports. Angi had a negative return on equity of 0.07% and a negative net margin of 0.68%. The business had revenue of $296.72 million during the quarter, compared to analysts’ expectations of $295.90 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share.

Angi Trading Down 26.3 %

NASDAQ:ANGI traded down $0.69 on Tuesday, hitting $1.93. The stock had a trading volume of 4,567,234 shares, compared to its average volume of 727,365. The stock has a market cap of $962.43 million, a price-to-earnings ratio of -205.00 and a beta of 1.95. Angi has a 1-year low of $1.74 and a 1-year high of $3.10. 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 fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.34.

Analyst Ratings Changes

Separately, UBS Group upgraded Angi to a “hold” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.21.

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.