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 report sent to investors on Sunday.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a report on Wednesday, January 21st. Zacks Research raised Agora from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Agora Stock Performance

NASDAQ API opened at $4.18 on Friday. The company has a 50-day simple moving average of $4.43 and a two-hundred day simple moving average of $3.93. The company has a quick ratio of 4.34, a current ratio of 4.58 and a debt-to-equity ratio of 0.14. Agora has a 12-month low of $2.53 and a 12-month high of $5.71. The firm has a market cap of $390.12 million, a price-to-earnings ratio of 46.45 and a beta of 0.60.

Agora (NASDAQ:API) last released its quarterly earnings data 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 firm had revenue of $38.16 million for the quarter. On average, equities analysts forecast that Agora will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in shares of Agora by 78.6% in the 4th quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock valued at $111,000 after purchasing an additional 11,980 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in Agora during the fourth quarter valued at $85,000. Finally, 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 valued at $1,753,000 after buying an additional 313,175 shares in the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.

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.