Angi (NASDAQ:ANGI) Posts Earnings Results, Misses Expectations By $5.83 EPS

Angi (NASDAQ:ANGI) released its quarterly earnings data on Tuesday. The technology company reported ($5.70) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83), FiscalAI reports. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $253.43 million. Angi had a return on equity of 2.06% and a net margin of 1.93%.The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share.

Angi Stock Up 4.7%

Shares of NASDAQ:ANGI traded up $0.28 during midday trading on Tuesday, hitting $6.21. 634,537 shares of the company’s stock traded hands, compared to its average volume of 555,961. The firm’s fifty day moving average price is $5.84 and its two-hundred day moving average price is $7.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 1.50. Angi has a twelve month low of $4.53 and a twelve month high of $19.42. The company has a market cap of $251.19 million, a PE ratio of 15.15 and a beta of 1.62.

Analysts Set New Price Targets

ANGI has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $14.00 target price on Angi in a report on Tuesday, May 26th. KeyCorp downgraded Angi from an “overweight” rating to a “sector weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group set a $6.00 price objective on Angi and gave the stock a “neutral” rating in a report on Monday, July 13th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research note on Tuesday, May 26th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Angi in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.43.

About Angi

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.