Agora (NASDAQ:API) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Agora (NASDAQ:API) from a "buy" to a "hold," while other analysts remain mixed—Zacks upgraded to "strong-buy," Weiss Ratings keeps a "sell," and the MarketBeat consensus is a "Moderate Buy."
• Shares trade around $4.34 with a market cap of about $405 million; Agora reported $0.05 EPS on $38.16 million revenue for the quarter, carries a P/E of 48.23, and analysts forecast a negative -0.4 EPS for the current fiscal year, highlighting valuation and earnings concerns.

Agora (NASDAQ:API - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

Several other research analysts also recently issued reports on the company. Zacks Research raised Agora from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Agora in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Agora Price Performance

Shares of NASDAQ:API opened at $4.34 on Friday. The firm has a market capitalization of $405.05 million, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 0.90 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. The business's 50 day simple moving average is $4.41 and its 200-day simple moving average is $3.92. Agora has a 12 month low of $2.53 and a 12 month high of $5.71.

Agora (NASDAQ:API - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $38.16 million during the quarter. Agora had a return on equity of 1.68% and a net margin of 6.75%. As a group, equities analysts forecast that Agora will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agora

Several hedge funds have recently bought and sold shares of API. New York State Common Retirement Fund acquired a new position in shares of Agora in the third quarter worth $58,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Agora during the fourth quarter valued at $85,000. Finally, Marshall Wace LLP increased its position 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 purchasing an additional 313,175 shares in the last quarter. Hedge funds and other institutional investors own 40.40% of the company's stock.

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.

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