Angi (ANGI) to Release Quarterly Earnings on Tuesday

Angi (NASDAQ:ANGI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Angi (NASDAQ:ANGI) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The business had revenue of $300.43 million during the quarter, compared to analyst estimates of $306.73 million. On average, analysts expect Angi to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Angi Trading Down 0.5 %

NASDAQ:ANGI opened at $2.16 on Tuesday. The company has a market capitalization of $1.08 billion, a P/E ratio of -27.00 and a beta of 1.96. The stock’s 50 day moving average price is $2.49 and its 200 day moving average price is $2.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.88 and a current ratio of 1.88. Angi has a 52 week low of $1.54 and a 52 week high of $4.18.

Insider Buying and Selling at Angi

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $2.58, for a total transaction of $30,309.84. Following the completion of the sale, the chief technology officer now owns 166,034 shares of the company’s stock, valued at $428,367.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 35,496 shares of company stock worth $89,540 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANGI. StockNews.com upgraded shares of Angi from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. The Goldman Sachs Group raised their price target on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada boosted their price objective on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Finally, UBS Group raised their target price on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Angi currently has an average rating of “Moderate Buy” and an average price target of $4.23.

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.