Agora (NASDAQ:API) Announces Earnings Results

Agora (NASDAQ:API) released its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, FiscalAI reports. The firm 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%.

Agora Stock Performance

Agora stock opened at $4.56 on Wednesday. The firm has a market capitalization of $425.58 million, a PE ratio of 50.67, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Agora has a one year low of $2.53 and a one year high of $5.71. The stock’s 50 day moving average price is $4.39 and its 200 day moving average price is $3.91. 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 Trading of Agora

A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its position in shares of Agora by 78.6% during the fourth quarter. New York State Common Retirement Fund now owns 27,223 shares of the company’s stock worth $111,000 after purchasing an additional 11,980 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Agora in the fourth quarter valued at about $85,000. Finally, Marshall Wace LLP raised its stake in 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 in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on API shares. Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a report on Wednesday, January 21st. Zacks Research upgraded Agora from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wall Street Zen raised Agora from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Agora has an average rating of “Moderate Buy”.

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.