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

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

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

Agora Stock Performance

Shares of NASDAQ API opened at $3.93 on Friday. The company has a market cap of $366.79 million, a PE ratio of 98.27 and a beta of 0.57. Agora has a 52-week low of $2.53 and a 52-week high of $6.99. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.72.

Agora (NASDAQ:API) last issued its quarterly earnings data 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 firm had revenue of $35.37 million during the quarter. As a group, analysts anticipate that Agora will post -0.4 EPS for the current year.

Institutional Trading of Agora

A number of large investors have recently added to or reduced their stakes in API. Acadian Asset Management LLC bought a new position in Agora during the 1st quarter valued at about $2,818,000. Marshall Wace LLP grew its stake in shares of 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 buying an additional 313,175 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Agora by 30.6% in the first quarter. Nomura Holdings Inc. now owns 279,874 shares of the company’s stock worth $1,125,000 after buying an additional 65,560 shares during the period. Yiheng Capital Management L.P. purchased a new stake in shares of Agora in the first quarter worth approximately $774,000. Finally, Rafferty Asset Management LLC bought a new stake in shares of Agora during the 1st quarter worth approximately $376,000. 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.