Agora (NASDAQ:API) Stock Rating Lowered by Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Agora in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Agora presently has a consensus rating of “Sell”.

Agora Stock Performance

Shares of API opened at $4.59 on Friday. The stock has a 50-day simple moving average of $4.19 and a 200-day simple moving average of $3.83. 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 1 year low of $2.53 and a 1 year high of $6.99. The stock has a market capitalization of $428.38 million, a PE ratio of 114.78, a PEG ratio of 0.81 and a beta of 0.64.

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

Institutional Investors Weigh In On Agora

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in shares of Agora by 78.6% during the 4th quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock worth $111,000 after buying an additional 11,980 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Agora during the fourth quarter worth about $85,000. Finally, Marshall Wace LLP boosted its position in Agora by 213.0% during the second 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. 40.40% of the stock is currently owned by institutional investors and hedge funds.

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.