Weiss Ratings Reaffirms "Sell (D-)" Rating for Agora (NASDAQ:API)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Agora (NASDAQ:API), indicating continued bearish sentiment towards the company's stock.
• Agora reported a revenue of $34.26 million for the last quarter, and analysts expect a projected EPS of -0.4 for the current fiscal year.
• Institutional investors have increased their holdings in Agora, with significant stakes acquired by Acadian Asset Management and others during the first quarter.

Agora (NASDAQ:API - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Agora Price Performance

API traded up $0.19 during trading on Wednesday, reaching $4.05. The stock had a trading volume of 391,995 shares, compared to its average volume of 687,616. The stock has a market cap of $377.99 million, a PE ratio of -16.20, a PEG ratio of 2.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.55 and a current ratio of 3.55. Agora has a one year low of $2.53 and a one year high of $6.99. The business has a 50-day moving average of $3.71 and a 200-day moving average of $3.66.

Agora (NASDAQ:API - Get Free Report) last released its earnings results on Monday, August 18th. The company reported $0.01 EPS for the quarter. Agora had a negative return on equity of 3.87% and a negative net margin of 16.59%.The business had revenue of $34.26 million for the quarter. During the same period in the prior year, the company earned ($0.10) EPS. Agora has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate 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 API. Acadian Asset Management LLC bought a new stake in shares of Agora during the first quarter valued at approximately $2,818,000. MY.Alpha Management HK Advisors Ltd grew its position in Agora by 59.7% in the 1st quarter. MY.Alpha Management HK Advisors Ltd now owns 1,173,703 shares of the company's stock worth $4,718,000 after purchasing an additional 438,965 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Agora by 95.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 868,402 shares of the company's stock worth $3,491,000 after purchasing an additional 423,607 shares during the period. Yong Rong HK Asset Management Ltd grew its position in Agora by 17.0% in the 1st quarter. Yong Rong HK Asset Management Ltd now owns 2,865,755 shares of the company's stock worth $11,521,000 after purchasing an additional 415,755 shares during the period. Finally, Marshall Wace LLP grew its position in Agora by 213.0% in 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 during the period. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

About Agora

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.