Agora (NASDAQ:API) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Agora (NASDAQ:API) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of Agora from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Agora in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Agora Price Performance

NASDAQ:API opened at $3.66 on Friday. The firm has a market cap of $341.59 million, a price-to-earnings ratio of 40.67 and a beta of 0.75. Agora has a one year low of $2.53 and a one year high of $5.15. The firm’s fifty day moving average is $4.17 and its two-hundred day moving average is $3.94. 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 issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.05 EPS for the quarter. The business had revenue of $38.16 million for the quarter. Agora had a net margin of 6.75% and a return on equity of 1.68%. Research analysts expect that Agora will post -0.4 EPS for the current year.

Institutional Trading of Agora

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace LLP boosted its holdings in shares of 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 purchasing an additional 313,175 shares during the last quarter. New York State Common Retirement Fund lifted its position in Agora by 78.6% during the fourth quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock worth $111,000 after buying an additional 11,980 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Agora during the fourth quarter worth approximately $85,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

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.