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

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Agora in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Agora Price Performance

API opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.34 and a quick ratio of 4.34. The stock’s 50 day simple moving average is $3.64 and its 200 day simple moving average is $3.72. The firm has a market cap of $366.79 million, a price-to-earnings ratio of 98.27 and a beta of 0.57. Agora has a 1 year low of $2.53 and a 1 year high of $6.99.

Agora (NASDAQ:API) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.03 earnings per share for the quarter. Agora had a return on equity of 0.84% and a net margin of 3.47%.The firm had revenue of $35.37 million during the quarter. As a group, analysts predict that Agora will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG bought a new position in Agora in the 1st quarter worth $125,000. Invesco Ltd. increased its position in shares of Agora by 20.2% during the first quarter. Invesco Ltd. now owns 58,454 shares of the company’s stock valued at $235,000 after buying an additional 9,835 shares during the period. Russell Investments Group Ltd. bought a new position in Agora in the first quarter worth about $69,000. Quantbot Technologies LP purchased a new stake in Agora in the first quarter worth about $51,000. Finally, Hsbc Holdings PLC bought a new stake in Agora during the 1st quarter valued at approximately $100,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

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.