Agora (NASDAQ:API) Upgraded to “Strong-Buy” at Zacks Research

Agora (NASDAQ:API) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised Agora from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Agora currently has a consensus rating of “Moderate Buy”.

Agora Stock Down 2.6%

Agora stock opened at $4.56 on Monday. The company has a market capitalization of $425.58 million, a PE ratio of 50.67, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.34. Agora has a fifty-two week low of $2.53 and a fifty-two week high of $5.71. The firm has a 50 day moving average price of $4.39 and a 200 day moving average price of $3.91.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in API. Marshall Wace LLP increased its position in shares of Agora by 213.0% in the 2nd quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock valued at $1,753,000 after purchasing an additional 313,175 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Agora in the third quarter valued at $58,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Agora in the fourth quarter valued at $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.