Agora (NASDAQ:API) Stock Rating Upgraded by Wall Street Zen

Agora (NASDAQ:API) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms also recently commented on API. Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a research report on Wednesday, January 21st. Zacks Research lowered Agora from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Agora Price Performance

Shares of Agora stock opened at $3.66 on Friday. The firm has a market cap of $341.59 million, a P/E ratio of 40.67 and a beta of 0.75. The firm’s 50-day simple moving average is $4.17 and its 200-day simple moving average is $3.94. Agora has a twelve month low of $2.53 and a twelve month high of $5.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.34 and a current ratio of 4.58.

Agora (NASDAQ:API) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $38.16 million during the quarter. Agora had a net margin of 6.75% and a return on equity of 1.68%. As a group, research analysts expect that Agora will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in Agora during the 4th quarter valued at $85,000. New York State Common Retirement Fund boosted its stake in Agora by 78.6% in the fourth quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock worth $111,000 after purchasing an additional 11,980 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Agora by 213.0% during the second quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after purchasing an additional 313,175 shares during the last quarter. 40.40% of the stock is owned by institutional investors and hedge funds.

About Agora

Agora, Inc operates a Real-Time Engagement (RTE) platform that enables developers to embed voice, video and interactive broadcasting capabilities into mobile and web applications. By providing a suite of software development kits (SDKs) and application programming interfaces (APIs), the company delivers low-latency audio and video streaming, real-time messaging and live interactive streaming services. Its platform is designed to support high-quality interactions across various network environments, making it suitable for use cases in social media, online gaming, distance learning, telehealth and enterprise communication.

The company’s core offerings include voice and video calling SDKs, interactive broadcast SDKs for one-to-many streaming, real-time messaging services and data stream APIs for synchronized data exchange.