Agora, Inc. (NASDAQ: API) Based on average analyst recommendation of “Buy”
Agora, Inc. (NASDAQ: API) received an average âBuyâ recommendation from the six analysts who currently cover the company, reports MarketBeat. One investment analyst rated the stock with a conservation rating and five issued a buy rating for the company. The twelve-month average target price among brokers who hedged the stock in the past year is $ 47.50.
Several analysts have commented on API shares. Needham & Company LLC lowered its price target for Agora shares from $ 40.00 to $ 27.00 and set a âbuyâ rating for the company in a report released Wednesday. JPMorgan Chase & Co. began covering Agora shares in a report on Friday, October 22. They issued an “overweight” rating and a price target of $ 33.00 for the company. Ultimately, Zacks investment research upgraded Agora’s shares from a âsellâ rating to a âconservationâ rating in a report released Thursday, November 18.
Several hedge funds and other institutional investors recently changed their positions in API. US Bancorp DE purchased a new position in Agora shares during the third quarter valued at approximately $ 35,000. Royal Bank of Canada increased its stake in Agora shares by 397.1% during the second quarter. Royal Bank of Canada now owns 2,595 shares of the company valued at $ 110,000 after purchasing an additional 2,073 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Agora shares during the second quarter valued at approximately $ 130,000. Montanaro Asset Management Ltd purchased a new position in Agora shares during the second quarter valued at approximately $ 136,000. Finally, Ensign Peak Advisors Inc purchased a new position in Agora shares during the second quarter valued at approximately $ 153,000. 49.55% of the shares are held by institutional investors and hedge funds.
Agora Action opened for $ 20.43 on Friday. The company has a 50-day moving average of $ 25.75 and a 200-day moving average of $ 32.48. The company has a market cap of $ 2.16 billion, a P / E ratio of -38.55 and a beta of -0.17. Agora has a one-year low at $ 19.88 and a one-year high at $ 114.96.
Agora (NASDAQ: API) last released its results on Monday, November 15. The company reported ($ 0.19) earnings per share for the quarter, missing Zacks’ consensus estimate of ($ 0.14) of ($ 0.05). The company posted revenue of $ 45.04 million for the quarter, compared to $ 40.64 million expected by analysts. Agora posted a negative return on equity of 6.91% and a negative net margin of 35.66%. In the same quarter of the previous year, the company posted ($ 0.03) earnings per share. Sell-side analysts expect Agora to post earnings per share of -0.6 for the current year.
Agora Company Profile
Agora, Inc provides a Real Time Engagement as a Service (RTE-PaaS) platform in the People’s Republic of China, the United States and internationally. Its RTE-PaaS offers developers software tools to integrate video, voice and real-time messaging features into applications. The company’s business products include real-time video, real-time voice, interactive live video and audio streaming, real-time messaging, real-time recording, streaming acceleration, real-time, Agora Analytics and various use case products that serve as building blocks for developers to integrate respective functions into applications.
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