Agora (NASDAQ:API) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Agora (NASDAQ:API) from a buy rating to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Agora in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Agora Trading Up 4.3%

Shares of NASDAQ API opened at $4.59 on Friday. Agora has a fifty-two week low of $2.53 and a fifty-two week high of $6.99. The firm has a market capitalization of $428.38 million, a P/E ratio of 114.78, a P/E/G ratio of 0.84 and a beta of 0.64. 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 company’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $3.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in API. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Agora during the fourth quarter worth about $85,000. New York State Common Retirement Fund increased its stake in Agora by 78.6% during the 4th 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 raised its holdings in Agora by 213.0% during the 2nd quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after buying an additional 313,175 shares during the period. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Company Profile

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.