Agora (NASDAQ:API) Cut to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Agora in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Agora has an average rating of “Hold” and an average price target of $6.00.

Agora Stock Performance

Shares of NASDAQ API opened at $3.80 on Friday. The business’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.34. Agora has a 52 week low of $2.53 and a 52 week high of $6.99. The firm has a market cap of $354.65 million, a price-to-earnings ratio of 95.02, a P/E/G ratio of 1.97 and a beta of 0.57.

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

Institutional Trading of Agora

A number of hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of Agora during the 1st quarter worth about $51,000. New York State Common Retirement Fund acquired a new stake in Agora during the third quarter worth about $58,000. Russell Investments Group Ltd. bought a new position in Agora during the first quarter valued at about $69,000. Hsbc Holdings PLC acquired a new position in Agora in the 1st quarter valued at approximately $100,000. Finally, XTX Topco Ltd lifted its position in shares of Agora by 49.6% in the 1st quarter. XTX Topco Ltd now owns 26,330 shares of the company’s stock worth $106,000 after acquiring an additional 8,731 shares during the period. 40.40% of the stock is owned by institutional investors.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.