Agora (NASDAQ:API) Downgraded to Hold Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Agora (NASDAQ:API – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated 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 given a Sell rating to the stock. According to data from MarketBeat.com, Agora has a consensus rating of “Hold” and an average target price of $6.00.

Check Out Our Latest Analysis on Agora

Agora Price Performance

API stock opened at $3.78 on Friday. Agora has a 1 year low of $2.53 and a 1 year high of $6.99. The stock has a market capitalization of $352.80 million, a PE ratio of 94.52, a price-to-earnings-growth ratio of 1.97 and a beta of 0.57. The company’s 50-day moving average is $3.60 and its 200-day moving average is $3.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.34 and a quick ratio of 4.34.

Agora (NASDAQ:API – Get Free Report) last announced its quarterly 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 business had revenue of $35.37 million for the quarter. Equities research analysts expect that Agora will post -0.4 EPS for the current fiscal year.

Institutional Trading of Agora

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new position in Agora during the third quarter worth about $58,000. Marshall Wace LLP grew its holdings in shares of Agora by 213.0% in the second quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock valued at $1,753,000 after acquiring an additional 313,175 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Agora during the first quarter valued at approximately $2,818,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Agora during the first quarter valued at approximately $291,000. Finally, Nomura Holdings Inc. lifted its holdings in Agora by 30.6% during the first quarter. Nomura Holdings Inc. now owns 279,874 shares of the company’s stock worth $1,125,000 after acquiring an additional 65,560 shares during the period. Hedge funds and other institutional investors own 40.40% of the company’s stock.

About Agora

(Get Free Report)

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.

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