Angi (NASDAQ:ANGI) Posts Earnings Results

Angi (NASDAQ:ANGI) released its quarterly earnings data on Monday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The company 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 period in the previous year, the company posted ($0.01) EPS.

Angi Price Performance

Shares of ANGI stock traded down $0.69 during trading on Tuesday, hitting $1.93. The company had a trading volume of 4,567,234 shares, compared to its average volume of 727,365. The stock’s 50-day moving average is $2.55 and its two-hundred day moving average is $2.34. The stock has a market capitalization of $962.43 million, a price-to-earnings ratio of -205.00 and a beta of 1.95. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.48. Angi has a 52 week low of $1.74 and a 52 week high of $3.10.

Analysts Set New Price Targets

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