Angi Inc. (NASDAQ:ANGI) Expected to Post Quarterly Sales of $436.45 Million

Equities analysts expect Angi Inc. (NASDAQ:ANGIGet Rating) to report $436.45 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Angi’s earnings, with the lowest sales estimate coming in at $428.27 million and the highest estimate coming in at $443.20 million. Angi reported sales of $387.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Angi will report full year sales of $1.95 billion for the current financial year, with estimates ranging from $1.91 billion to $2.02 billion. For the next year, analysts expect that the business will report sales of $2.22 billion, with estimates ranging from $2.12 billion to $2.30 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Angi.

Angi (NASDAQ:ANGIGet Rating) last posted its quarterly earnings data on Tuesday, February 15th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $415.86 million during the quarter, compared to analysts’ expectations of $414.73 million. Angi had a negative return on equity of 6.00% and a negative net margin of 4.24%. During the same quarter in the prior year, the business earned ($0.03) earnings per share.

A number of analysts have commented on the company. Piper Sandler reduced their price target on Angi from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 17th. Zacks Investment Research upgraded Angi from a “sell” rating to a “hold” rating in a research report on Monday, February 21st. Royal Bank of Canada reduced their price target on Angi from $12.00 to $7.00 in a research report on Thursday, February 17th. Benchmark reduced their price target on Angi from $18.00 to $15.00 in a research report on Thursday, February 17th. Finally, StockNews.com assumed coverage on Angi in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $13.11.

In related news, Director Bowman Angela R. Hicks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 18th. The stock was sold at an average price of $8.46, for a total transaction of $84,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 5,000 shares of Angi stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $5.68, for a total value of $28,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $199,600. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Angi during the fourth quarter valued at $230,000. Walleye Capital LLC increased its position in Angi by 23.8% during the fourth quarter. Walleye Capital LLC now owns 42,762 shares of the technology company’s stock valued at $394,000 after acquiring an additional 8,220 shares during the last quarter. Options Solutions LLC bought a new position in Angi during the fourth quarter valued at $279,000. Goldman Sachs Group Inc. increased its position in Angi by 127.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 177,961 shares of the technology company’s stock valued at $1,639,000 after acquiring an additional 99,779 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Angi by 3.1% during the fourth quarter. California State Teachers Retirement System now owns 59,020 shares of the technology company’s stock valued at $544,000 after acquiring an additional 1,753 shares during the last quarter. Institutional investors and hedge funds own 13.74% of the company’s stock.

Angi stock traded up $0.05 during mid-day trading on Monday, reaching $5.41. 1,477,699 shares of the stock traded hands, compared to its average volume of 1,536,186. The stock has a market capitalization of $2.71 billion, a PE ratio of -38.64 and a beta of 1.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.11 and a quick ratio of 2.11. Angi has a 12-month low of $5.24 and a 12-month high of $17.53. The business’s 50-day moving average is $6.60 and its 200-day moving average is $8.97.

Angi Company Profile (Get Rating)

Angi, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and professional services. The North America segment includes the operations HomeAdvisor, Angie’s List, Handy, mHelpDesk, HomeStars and Fixd Repair.

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Earnings History and Estimates for Angi (NASDAQ:ANGI)

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