Angi (NASDAQ:ANGI) Upgraded at Zacks Research

Zacks Research upgraded shares of Angi (NASDAQ:ANGI) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on ANGI. UBS Group reiterated a “neutral” rating on shares of Angi in a report on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of Angi in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Angi in a report on Friday, March 27th. KeyCorp set a $11.00 target price on Angi in a research note on Thursday, February 12th. Finally, Truist Financial set a $17.00 target price on Angi and gave the company a “buy” rating in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.33.

Angi Trading Down 4.1%

NASDAQ:ANGI opened at $7.28 on Monday. Angi has a fifty-two week low of $6.43 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $291.93 million, a PE ratio of 7.83 and a beta of 1.82. The business’s 50-day simple moving average is $8.03 and its 200-day simple moving average is $11.22.

Angi (NASDAQ:ANGI) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). Angi had a net margin of 4.25% and a return on equity of 4.41%. The business had revenue of $240.77 million for the quarter, compared to the consensus estimate of $245.58 million. During the same quarter last year, the firm earned ($0.03) EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. Sell-side analysts expect that Angi will post 0.08 earnings per share for the current fiscal year.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.