Aurora Mobile (NASDAQ:JG) Board Announces Share Repurchase Plan

Aurora Mobile (NASDAQ:JG) declared that its board has approved a stock repurchase program on Thursday, November 12th, RTT News reports. The company plans to repurchase $10 million in outstanding shares. This buyback authorization permits the company to purchase up to 28.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Aurora Mobile Trading Down 0.9%

Shares of Aurora Mobile stock traded down $0.05 on Thursday, hitting $5.83. The stock had a trading volume of 12,828 shares, compared to its average volume of 21,975. Aurora Mobile has a 52-week low of $3.20 and a 52-week high of $10.37. The stock has a market cap of $34.98 million, a price-to-earnings ratio of 32.67 and a beta of 0.63. The company’s 50 day moving average price is $6.70 and its 200 day moving average price is $6.31.

Aurora Mobile (NASDAQ:JG) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($2.08) by $2.23. The company had revenue of $15.88 million for the quarter, compared to analyst estimates of $10.83 million. Aurora Mobile had a net margin of 1.53% and a return on equity of 6.23%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Aurora Mobile from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Insider Transactions at Aurora Mobile

In other news, Director Hon Sang Lee sold 11,470 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $5.55, for a total transaction of $63,658.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 31.20% of the stock is owned by corporate insiders.

Aurora Mobile Company Profile

Aurora Mobile Limited (NASDAQ: JG) is a technology company that provides mobile developer services and enterprise customer-engagement solutions. Its platform helps businesses and application developers communicate with users, analyze application activity, and support marketing and operational initiatives. The company’s offerings have included push-notification services through JPush, as well as tools for user engagement, application analytics, messaging, authentication, sharing, and deep linking.