Agora (NASDAQ:API) Downgraded to “Hold” Rating by Zacks Research

Agora (NASDAQ:API) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Agora presently has an average rating of “Reduce”.

Agora Trading Down 4.8%

Shares of NASDAQ API opened at $4.18 on Monday. Agora has a 1-year low of $2.53 and a 1-year high of $5.71. The business has a fifty day moving average price of $4.43 and a 200 day moving average price of $3.93. The stock has a market capitalization of $390.12 million, a P/E ratio of 46.45 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.58 and a quick ratio of 4.34.

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

Institutional Trading of Agora

Several institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new stake in shares of Agora in the third quarter worth $58,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Agora in the 4th quarter valued at about $85,000. Finally, Marshall Wace LLP boosted its stake in shares of Agora by 213.0% in the second quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock worth $1,753,000 after buying an additional 313,175 shares during the last quarter. 40.40% of the stock is currently owned by institutional investors and hedge funds.

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.