Wall Street Zen Upgrades Agora (NASDAQ:API) to Buy

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

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

Agora Stock Performance

Agora stock opened at $4.67 on Friday. Agora has a fifty-two week low of $2.53 and a fifty-two week high of $5.82. The company has a market capitalization of $435.85 million, a price-to-earnings ratio of 116.78, a PEG ratio of 0.86 and a beta of 0.64. The stock has a fifty day moving average of $4.35 and a two-hundred day moving average of $3.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its holdings 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 acquiring an additional 11,980 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in Agora during the fourth quarter worth approximately $85,000. Finally, Marshall Wace LLP increased its position in Agora by 213.0% during the second quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after purchasing an additional 313,175 shares during the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

About Agora

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.