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

Wall Street Zen downgraded shares of Agora (NASDAQ:API) from a buy rating to a hold rating in a research report report published on Sunday.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Agora in a research report on Wednesday, January 21st. Zacks Research raised Agora from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Agora Stock Down 0.7%

Shares of NASDAQ:API opened at $4.34 on Friday. The firm has a market capitalization of $405.07 million, a PE ratio of 48.23 and a beta of 0.60. Agora has a 1 year low of $2.53 and a 1 year high of $5.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.58 and a quick ratio of 4.34. The firm’s 50-day moving average is $4.41 and its two-hundred day moving average is $3.92.

Agora (NASDAQ:API) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.05 EPS for the quarter. The business had revenue of $38.16 million during the quarter. Agora had a net margin of 6.75% and a return on equity of 1.68%. Analysts predict that Agora will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in API. Marshall Wace LLP grew its holdings in Agora by 213.0% during the 2nd quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after acquiring an additional 313,175 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Agora by 78.6% in the 4th quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock valued at $111,000 after purchasing an additional 11,980 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Agora in the 4th quarter valued at $85,000. Hedge funds and other 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.