Angi Inc. (NASDAQ:ANGI) Forecasted to Post Q1 2022 Earnings of ($0.07) Per Share

Angi Inc. (NASDAQ:ANGIGet Rating) – KeyCorp lifted their Q1 2022 EPS estimates for Angi in a research report issued to clients and investors on Sunday, April 10th. KeyCorp analyst J. Patterson now anticipates that the technology company will earn ($0.07) per share for the quarter, up from their previous estimate of ($0.08). KeyCorp has a “Overweight” rating and a $14.00 price objective on the stock. KeyCorp also issued estimates for Angi’s Q3 2022 earnings at ($0.04) EPS and FY2022 earnings at ($0.24) EPS.

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

A number of other research firms also recently issued reports on ANGI. Zacks Investment Research upgraded shares of Angi from a “sell” rating to a “hold” rating in a report on Monday, February 21st. StockNews.com initiated coverage on shares of Angi in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Benchmark decreased their target price on shares of Angi from $18.00 to $15.00 in a research note on Thursday, February 17th. Credit Suisse Group decreased their target price on shares of Angi from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, February 17th. Finally, Piper Sandler decreased their target price on shares of Angi from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Angi currently has a consensus rating of “Buy” and an average price target of $13.11.

NASDAQ ANGI opened at $5.35 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.43. Angi has a 12-month low of $5.21 and a 12-month high of $17.46. The company has a market capitalization of $2.68 billion, a PE ratio of -38.21 and a beta of 1.75. The firm’s 50 day moving average is $6.48 and its 200-day moving average is $8.92.

In related news, Director Bowman Angela R. Hicks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $5.68, for a total value of $28,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $8.66, for a total value of $86,600.00. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $199,600 in the last three months. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of ANGI. Allen Holding Inc. NY raised its stake in Angi by 466.7% during the fourth quarter. Allen Holding Inc. NY now owns 1,700,000 shares of the technology company’s stock worth $15,657,000 after acquiring an additional 1,400,000 shares in the last quarter. Parnassus Investments LLC raised its stake in Angi by 7.3% during the third quarter. Parnassus Investments LLC now owns 12,285,593 shares of the technology company’s stock worth $151,604,000 after acquiring an additional 831,977 shares in the last quarter. Millennium Management LLC raised its stake in Angi by 783.1% during the fourth quarter. Millennium Management LLC now owns 722,879 shares of the technology company’s stock worth $6,658,000 after acquiring an additional 641,026 shares in the last quarter. General American Investors Co. Inc. raised its stake in Angi by 139.4% during the third quarter. General American Investors Co. Inc. now owns 802,225 shares of the technology company’s stock worth $9,899,000 after acquiring an additional 467,166 shares in the last quarter. Finally, ShawSpring Partners LLC raised its stake in Angi by 8.9% during the fourth quarter. ShawSpring Partners LLC now owns 4,501,823 shares of the technology company’s stock worth $41,462,000 after acquiring an additional 368,700 shares in the last quarter. 13.74% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Earnings History and Estimates for Angi (NASDAQ:ANGI)

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