Agora (API) Scheduled to Post Quarterly Earnings on Tuesday

Agora (NASDAQ:API – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 30th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Agora has set its FY 2023 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Agora (NASDAQ:API – Get Rating) last issued its quarterly earnings data on Monday, February 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.17). The company had revenue of $40.12 million during the quarter, compared to analysts’ expectations of $40.73 million. Agora had a negative net margin of 74.92% and a negative return on equity of 15.34%. On average, analysts expect Agora to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Agora Trading Up 1.0 %

Shares of API opened at $3.05 on Tuesday. The firm has a market cap of $353.40 million, a P/E ratio of -2.82 and a beta of -0.03. The company’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.59. Agora has a 12-month low of $2.49 and a 12-month high of $7.60.

Institutional Trading of Agora

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of Agora by 52.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,811,357 shares of the company’s stock worth $37,885,000 after buying an additional 1,309,170 shares in the last quarter. Morgan Stanley grew its position in shares of Agora by 2.1% during the fourth quarter. Morgan Stanley now owns 2,048,661 shares of the company’s stock worth $8,010,000 after buying an additional 42,408 shares in the last quarter. BlackRock Inc. grew its position in shares of Agora by 24.6% during the third quarter. BlackRock Inc. now owns 1,808,878 shares of the company’s stock worth $6,567,000 after buying an additional 357,241 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Agora by 31.7% during the second quarter. Renaissance Technologies LLC now owns 1,464,900 shares of the company’s stock worth $9,624,000 after buying an additional 352,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Agora by 39.0% during the first quarter. Bank of New York Mellon Corp now owns 1,289,792 shares of the company’s stock worth $12,821,000 after buying an additional 361,898 shares in the last quarter. 40.95% of the stock is currently owned by hedge funds and other institutional investors.

About Agora

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Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. Its products include video calling, voice calling, interactive live streaming, chat, signaling.