Angi (ANGI) Scheduled to Post Quarterly Earnings on Tuesday

Angi (NASDAQ:ANGI – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, August 9th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Angi (NASDAQ:ANGI – Get Rating) last issued its earnings results on Monday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $436.20 million during the quarter, compared to analysts’ expectations of $432.87 million. Angi had a negative net margin of 6.15% and a negative return on equity of 9.20%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Angi to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Angi Price Performance

Shares of NASDAQ ANGI opened at $5.41 on Tuesday. The business’s 50 day moving average price is $4.84 and its 200 day moving average price is $5.75. The firm has a market cap of $2.72 billion, a P/E ratio of -25.76 and a beta of 1.77. Angi has a 52 week low of $3.47 and a 52 week high of $14.92. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Angi by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,174,255 shares of the technology company’s stock worth $35,009,000 after buying an additional 38,809 shares during the period. Renaissance Technologies LLC raised its stake in shares of Angi by 5.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,885,396 shares of the technology company’s stock worth $10,690,000 after buying an additional 89,000 shares during the period. State Street Corp raised its stake in shares of Angi by 2.7% during the 1st quarter. State Street Corp now owns 763,209 shares of the technology company’s stock worth $4,327,000 after buying an additional 20,300 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Angi by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 564,167 shares of the technology company’s stock worth $3,199,000 after buying an additional 5,914 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Angi by 191.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 518,907 shares of the technology company’s stock worth $2,942,000 after buying an additional 340,946 shares during the period. 17.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANGI shares. BMO Capital Markets dropped their target price on Angi from $12.00 to $8.00 in a research report on Tuesday, April 26th. Piper Sandler dropped their target price on Angi from $8.00 to $5.00 in a research report on Wednesday, May 11th. The Goldman Sachs Group lowered their price objective on Angi from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Finally, KeyCorp lowered their price objective on Angi from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Angi currently has an average rating of “Moderate Buy” and a consensus target price of $11.95.

Angi Company Profile

(Get Rating)

Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.

Featured Stories

• Get a free copy of the StockNews.com research report on Angi (ANGI)
• MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
• Deep Value High Yield Newell Brands Is Ready To Bottom 
• The Colgate-Palmolive Growth Outlook Brightens 
• These Stocks Outperformed Last Time There Was A Recession
• Does Rivian’s Stock Still Have A Future?

Want More Great Investing Ideas?