Angi (NASDAQ:ANGI) Posts Earnings Results, Beats Expectations By $0.19 EPS

Angi (NASDAQ:ANGI) announced its earnings results on Tuesday. The technology company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19, FiscalAI reports. Angi had a return on equity of 4.41% and a net margin of 4.25%.The company had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.64 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year.

Angi Trading Up 2.1%

Shares of Angi stock traded up $0.15 during trading on Tuesday, hitting $7.41. 1,141,746 shares of the company were exchanged, compared to its average volume of 699,889. The firm has a market capitalization of $297.14 million, a P/E ratio of 7.97 and a beta of 1.70. Angi has a 1-year low of $6.43 and a 1-year high of $19.42. The firm’s fifty day moving average price is $7.53 and its 200 day moving average price is $10.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.65.

Analysts Set New Price Targets

ANGI has been the subject of a number of research reports. Truist Financial set a $17.00 target price on Angi and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group restated a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of Angi in a report on Thursday, February 12th. KeyCorp set a $11.00 target price on shares of Angi in a report on Thursday, February 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 target price (down from $18.00) on shares of Angi in a research report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.60.

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.