Angi (NASDAQ:ANGI) Issues Earnings Results, Misses Expectations By $0.10 EPS

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

Angi Stock Performance

Shares of NASDAQ:ANGI traded down $0.18 during trading on Tuesday, hitting $12.87. The stock had a trading volume of 1,839,932 shares, 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 stock has a market capitalization of $570.68 million, a price-to-earnings ratio of 10.46 and a beta of 1.75. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $15.87 and a two-hundred day simple moving average of $15.81.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp dropped their price objective on Angi from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. UBS Group upped their price target on Angi from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Zacks Research downgraded Angi from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada upped their price target on Angi from $17.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Angi currently has a consensus rating of “Hold” and a consensus target price of $22.21.

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.