ANGI Homeservices (NASDAQ:ANGI) announced its quarterly earnings results on Thursday. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04, Briefing.com reports. The firm had revenue of $279.00 million for the quarter, compared to analyst estimates of $281.28 million. ANGI Homeservices had a negative return on equity of 0.53% and a negative net margin of 1.63%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share.
ANGI traded down $0.31 on Friday, hitting $16.72. The company had a trading volume of 3,959,248 shares, compared to its average volume of 1,043,237. ANGI Homeservices has a 12-month low of $12.65 and a 12-month high of $23.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market capitalization of $8.33 billion, a PE ratio of -76.00, a price-to-earnings-growth ratio of 3.17 and a beta of 2.06.
Several equities analysts have recently commented on ANGI shares. BidaskClub upgraded ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research lowered ANGI Homeservices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 12th. Macquarie started coverage on ANGI Homeservices in a research note on Wednesday, November 28th. They set an “outperform” rating on the stock. MKM Partners cut their price target on ANGI Homeservices from $56.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 29th. Finally, Needham & Company LLC started coverage on ANGI Homeservices in a research note on Tuesday, January 8th. They set a “buy” rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.08.
In other ANGI Homeservices news, CMO Allison Lowrie sold 50,000 shares of ANGI Homeservices stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $18.16, for a total value of $908,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Craig M. Smith sold 33,427 shares of ANGI Homeservices stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $18.13, for a total value of $606,031.51. The disclosure for this sale can be found here. Insiders sold 299,326 shares of company stock worth $5,163,210 in the last quarter. 20.30% of the stock is owned by insiders.
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About ANGI Homeservices
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
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