Angi (ANGI) Scheduled to Post Earnings on Tuesday

Angi (NASDAQ:ANGI - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Angi to post earnings of ($0.01) per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Angi (NASDAQ:ANGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Angi had a negative net margin of 2.84% and a negative return on equity of 3.15%. The firm had revenue of $300.43 million for 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 2.3 %

Shares of ANGI stock traded down $0.05 during trading hours on Tuesday, hitting $2.11. The company had a trading volume of 491,534 shares, compared to its average volume of 811,309. The company's fifty day moving average is $2.49 and its 200 day moving average is $2.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.88 and a quick ratio of 1.88. Angi has a fifty-two week low of $1.54 and a fifty-two week high of $4.18. The stock has a market capitalization of $1.06 billion, a PE ratio of -26.38 and a beta of 1.96.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Angi from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Friday, February 16th. UBS Group increased their target price on shares of Angi from $2.60 to $3.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of Angi from $2.25 to $3.25 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Angi from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Angi has a consensus rating of "Moderate Buy" and a consensus price target of $4.23.

Insider Activity

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $2.58, for a total value of $30,309.84. Following the sale, the chief technology officer now directly owns 160,060 shares in the company, valued at approximately $412,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 35,496 shares of company stock worth $89,540. 1.90% of the stock is currently owned by corporate insiders.

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.