Agora (NASDAQ:API) Raised to Buy at Wall Street Zen

Agora (NASDAQ:API) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Agora Trading Up 2.1%

API opened at $3.93 on Friday. Agora has a one year low of $2.53 and a one year high of $6.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.34 and a quick ratio of 4.34. The business has a 50 day simple moving average of $3.64 and a two-hundred day simple moving average of $3.72. The firm has a market capitalization of $366.79 million, a price-to-earnings ratio of 98.27 and a beta of 0.57.

Agora (NASDAQ:API) last posted its earnings results on Wednesday, November 19th. The company reported $0.03 earnings per share (EPS) for the quarter. Agora had a return on equity of 0.84% and a net margin of 3.47%.The firm had revenue of $35.37 million for the quarter. Analysts predict that Agora will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Agora

Several hedge funds have recently bought and sold shares of API. Quantbot Technologies LP purchased a new stake in Agora in the first quarter worth about $51,000. New York State Common Retirement Fund bought a new stake in shares of Agora in the 3rd quarter worth approximately $58,000. Russell Investments Group Ltd. purchased a new stake in shares of Agora in the 1st quarter worth approximately $69,000. Hsbc Holdings PLC bought a new position in Agora during the 1st quarter valued at approximately $100,000. Finally, Deutsche Bank AG purchased a new position in Agora during the first quarter valued at $125,000. 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.