Agora (API) to Release Earnings on Monday

Agora (NASDAQ:APIGet Rating) will be releasing its earnings data after the market closes on Monday, May 23rd. Analysts expect Agora to post earnings of ($0.19) per share for the quarter. Agora has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Agora (NASDAQ:APIGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The business had revenue of $40.39 million during the quarter, compared to analyst estimates of $36.76 million. Agora had a negative return on equity of 8.20% and a negative net margin of 43.07%. During the same period in the prior year, the firm posted ($0.06) EPS. On average, analysts expect Agora to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Agora stock opened at $6.61 on Monday. The firm has a market cap of $699.81 million, a P/E ratio of -10.02 and a beta of 0.50. The business’s fifty day moving average is $8.59 and its two-hundred day moving average is $13.28. Agora has a 52 week low of $5.62 and a 52 week high of $49.32.

A number of research firms have commented on API. Sanford C. Bernstein began coverage on Agora in a research note on Thursday, May 5th. They issued an “outperform” rating and a $10.00 price objective on the stock. Zacks Investment Research lowered Agora from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Morgan Stanley raised Agora from an “equal weight” rating to an “overweight” rating and set a $12.50 price target on the stock in a research note on Monday, May 2nd. Finally, JPMorgan Chase & Co. lowered Agora from an “overweight” rating to a “neutral” rating and cut their price target for the company from $31.00 to $11.00 in a research note on Friday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.92.

Several institutional investors and hedge funds have recently modified their holdings of API. Renaissance Technologies LLC increased its holdings in Agora by 88.7% in the first quarter. Renaissance Technologies LLC now owns 1,112,100 shares of the company’s stock valued at $11,054,000 after purchasing an additional 522,904 shares during the last quarter. Marshall Wace LLP bought a new stake in Agora in the fourth quarter valued at about $7,537,000. Bank of New York Mellon Corp increased its holdings in Agora by 39.0% in the first quarter. Bank of New York Mellon Corp now owns 1,289,792 shares of the company’s stock valued at $12,821,000 after purchasing an additional 361,898 shares during the last quarter. Millennium Management LLC increased its holdings in Agora by 230.6% in the fourth quarter. Millennium Management LLC now owns 494,793 shares of the company’s stock valued at $8,021,000 after purchasing an additional 345,134 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Agora in the first quarter valued at about $2,827,000.

Agora Company Profile (Get Rating)

Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. Its RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. The company's enterprise-grade products include Real-Time Video, Real-Time Voice, Live Interactive Video and Audio Streaming, Real-Time Messaging, Real-Time Recording, Real-Time Streaming Acceleration, Agora Analytics, and various use case products that serves as building blocks for developers to embed the respective functions in applications.

See Also

Earnings History for Agora (NASDAQ:API)

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