Angi (NASDAQ:ANGI) Issues Earnings Results

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

Angi Stock Performance

ANGI stock traded down $0.69 during midday trading on Tuesday, hitting $1.93. 4,567,234 shares of the stock traded hands, compared to its average volume of 727,365. The stock’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $2.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98. Angi has a 1-year low of $1.74 and a 1-year high of $3.10. The firm has a market cap of $962.43 million, a P/E ratio of -205.00 and a beta of 1.95.

Analysts Set New Price Targets

Separately, UBS Group raised Angi to a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.