FY2022 Earnings Estimate for Angi Inc. (NASDAQ:ANGI) Issued By Oppenheimer

Angi Inc. (NASDAQ:ANGIGet Rating) – Analysts at Oppenheimer dropped their FY2022 earnings per share (EPS) estimates for shares of Angi in a research note issued to investors on Monday, November 14th. Oppenheimer analyst J. Helfstein now forecasts that the technology company will post earnings per share of ($0.18) for the year, down from their previous forecast of ($0.16). Oppenheimer currently has a “Outperform” rating and a $10.00 price target on the stock. The consensus estimate for Angi’s current full-year earnings is ($0.18) per share. Oppenheimer also issued estimates for Angi’s Q4 2022 earnings at ($0.03) EPS, Q4 2023 earnings at ($0.01) EPS and FY2023 earnings at ($0.10) EPS.

Angi (NASDAQ:ANGIGet Rating) last posted its earnings results on Wednesday, November 9th. The technology company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $498.04 million during the quarter, compared to the consensus estimate of $502.02 million. Angi had a negative return on equity of 9.09% and a negative net margin of 5.42%. Angi’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS.

Other research analysts have also issued reports about the company. Piper Sandler reduced their target price on Angi from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Wells Fargo & Company cut their price target on Angi from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. The Goldman Sachs Group cut their price target on Angi from $8.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. Benchmark lowered their target price on Angi to $12.00 in a research report on Tuesday. Finally, StockNews.com started coverage on Angi in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.06.

Angi Stock Down 4.8 %

NASDAQ:ANGI opened at $2.17 on Wednesday. Angi has a 12-month low of $1.81 and a 12-month high of $11.38. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.09 billion, a P/E ratio of -10.85 and a beta of 1.69. The stock’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $4.05.

Hedge Funds Weigh In On Angi

A number of institutional investors have recently bought and sold shares of ANGI. Allspring Global Investments Holdings LLC acquired a new position in shares of Angi in the second quarter valued at approximately $30,000. Petrus Trust Company LTA acquired a new position in shares of Angi during the third quarter worth $30,000. Quantbot Technologies LP acquired a new stake in Angi in the first quarter valued at $54,000. Ensign Peak Advisors Inc grew its holdings in Angi by 139.9% during the 3rd quarter. Ensign Peak Advisors Inc now owns 19,670 shares of the technology company’s stock worth $58,000 after acquiring an additional 11,470 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Angi during the 1st quarter worth about $59,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

About Angi

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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.

Further Reading

Earnings History and Estimates for Angi (NASDAQ:ANGI)

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