Agora (NASDAQ:API) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Agora (NASDAQ:API) from a hold rating to a buy rating in a research report released on Saturday morning.

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

Agora Price Performance

API opened at $3.97 on Friday. Agora has a twelve month low of $2.53 and a twelve month high of $6.99. The firm has a market cap of $370.52 million, a price-to-earnings ratio of 99.27 and a beta of 0.57. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $3.72.

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

Hedge Funds Weigh In On Agora

Several institutional investors have recently modified their holdings of API. Invesco Ltd. raised its holdings in shares of Agora by 20.2% in the 1st quarter. Invesco Ltd. now owns 58,454 shares of the company’s stock worth $235,000 after purchasing an additional 9,835 shares in the last quarter. Quantbot Technologies LP acquired a new position in Agora in the first quarter worth approximately $51,000. New York State Common Retirement Fund bought a new position in shares of Agora in the third quarter valued at $58,000. Russell Investments Group Ltd. bought a new position in shares of Agora in the first quarter valued at $69,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Agora during the 1st quarter valued at $100,000. 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.