Angi (NASDAQ:ANGI) Releases Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Angi (NASDAQ:ANGI) released its quarterly earnings data on Tuesday. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21), FiscalAI reports. Angi had a net margin of 3.34% and a return on equity of 3.44%. The firm had revenue of $240.77 million during the quarter, compared to analysts’ expectations of $245.58 million.

Angi Price Performance

Angi stock traded up $0.27 during trading hours on Tuesday, hitting $11.96. The stock had a trading volume of 1,409,893 shares, compared to its average volume of 824,146. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.89 and a quick ratio of 1.89. Angi has a 1-year low of $10.25 and a 1-year high of $20.70. The stock has a market capitalization of $516.07 million, a price-to-earnings ratio of 15.74 and a beta of 1.73. The stock’s fifty day moving average is $12.79 and its two-hundred day moving average is $14.37.

Wall Street Analysts Forecast Growth

ANGI has been the topic of a number of analyst reports. Zacks Research upgraded shares of Angi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. KeyCorp reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Angi in a research note on Thursday, January 8th. Royal Bank Of Canada dropped their price objective on shares of Angi from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded Angi from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Angi in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Angi presently has an average rating of “Hold” and an average target price of $19.75.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.