Angi Inc. to Post FY2024 Earnings of ($0.01) Per Share, KeyCorp Forecasts (NASDAQ:ANGI)

Angi Inc. (NASDAQ:ANGIGet Rating) – Analysts at KeyCorp issued their FY2024 earnings estimates for Angi in a report issued on Monday, November 7th. KeyCorp analyst J. Patterson expects that the technology company will post earnings of ($0.01) per share for the year. The consensus estimate for Angi’s current full-year earnings is ($0.18) per share.

Angi (NASDAQ:ANGIGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The technology company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). Angi had a negative net margin of 5.50% and a negative return on equity of 8.89%. The firm had revenue of $498.04 million for the quarter, compared to analyst estimates of $502.02 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Angi from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Piper Sandler decreased their target price on shares of Angi from $5.00 to $3.00 in a research report on Wednesday. Credit Suisse Group decreased their target price on shares of Angi from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Oppenheimer reissued an “outperform” rating and set a $10.00 target price on shares of Angi in a research report on Friday, August 12th. Finally, Benchmark decreased their target price on shares of Angi from $15.00 to $13.00 in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.94.

Angi Price Performance

Shares of NASDAQ ANGI opened at $2.05 on Wednesday. The firm’s 50-day moving average price is $2.85 and its 200-day moving average price is $4.14. Angi has a 1-year low of $1.81 and a 1-year high of $11.38. The firm has a market capitalization of $1.03 billion, a P/E ratio of -10.25 and a beta of 1.69. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.45.

Institutional Investors Weigh In On Angi

A number of institutional investors have recently added to or reduced their stakes in ANGI. Truist Financial Corp boosted its stake in Angi by 1.3% in the second quarter. Truist Financial Corp now owns 224,084 shares of the technology company’s stock valued at $1,026,000 after acquiring an additional 2,868 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Angi by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 76,456 shares of the technology company’s stock valued at $434,000 after acquiring an additional 4,137 shares during the last quarter. Credit Suisse AG boosted its stake in Angi by 8.6% in the second quarter. Credit Suisse AG now owns 57,613 shares of the technology company’s stock valued at $264,000 after acquiring an additional 4,574 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. boosted its stake in Angi by 30.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 20,804 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,886 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Angi by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 564,167 shares of the technology company’s stock valued at $3,199,000 after acquiring an additional 5,914 shares during the last quarter. 12.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Angi news, Director Bowman Angela R. Hicks sold 5,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $5.19, for a total value of $25,950.00. Following the completion of the sale, the director now directly owns 194,941 shares of the company’s stock, valued at approximately $1,011,743.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

Angi Company Profile

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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.

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Earnings History and Estimates for Angi (NASDAQ:ANGI)

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