Agora (API) Set to Announce Quarterly Earnings on Tuesday

Agora (NASDAQ:API) is set to issue its quarterly earnings data after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Agora (NASDAQ:API) last released its quarterly earnings data on Monday, August 21st. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.34). The firm had revenue of $34.04 million for the quarter, compared to the consensus estimate of $34.34 million. Agora had a negative net margin of 82.36% and a negative return on equity of 17.59%. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. On average, analysts expect Agora to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Agora Trading Up 0.3 %

API opened at $3.25 on Tuesday. The stock has a market cap of $349.34 million, a PE ratio of -2.75 and a beta of 0.08. Agora has a 1 year low of $2.37 and a 1 year high of $4.85. The stock’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $2.95.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Agora from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $4.60 to $3.20 in a research report on Thursday, September 28th.

Institutional Trading of Agora

A number of large investors have recently bought and sold shares of the stock. Credit Suisse AG boosted its stake in Agora by 6.8% in the second quarter. Credit Suisse AG now owns 74,997 shares of the company’s stock worth $493,000 after purchasing an additional 4,744 shares in the last quarter. Invesco Ltd. boosted its stake in Agora by 8.3% in the third quarter. Invesco Ltd. now owns 71,973 shares of the company’s stock worth $182,000 after purchasing an additional 5,487 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Agora by 26.0% in the fourth quarter. GSA Capital Partners LLP now owns 32,387 shares of the company’s stock worth $127,000 after purchasing an additional 6,678 shares in the last quarter. UBS Group AG boosted its stake in Agora by 147.6% in the second quarter. UBS Group AG now owns 11,713 shares of the company’s stock worth $77,000 after purchasing an additional 6,982 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new position in Agora in the second quarter worth $38,000. 27.74% of the stock is currently owned by institutional investors.

About Agora

Agora, Inc provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities.