Aurora Mobile (NASDAQ:JG) Announces Quarterly Earnings Results

Aurora Mobile (NASDAQ:JG) released its quarterly earnings results on Monday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.14), Fidelity Earnings reports. Aurora Mobile had a negative net margin of 53.51% and a negative return on equity of 46.70%.

JG opened at $1.41 on Wednesday. The company has a market capitalization of $165.97 million, a PE ratio of -5.42 and a beta of 1.34. The company’s 50 day simple moving average is $1.68. Aurora Mobile has a one year low of $1.40 and a one year high of $11.00.

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in Aurora Mobile in the second quarter worth approximately $75,000. Invesco Ltd. lifted its holdings in Aurora Mobile by 26.2% during the third quarter. Invesco Ltd. now owns 35,733 shares of the company’s stock worth $60,000 after buying an additional 7,426 shares during the period. Finally, Morgan Stanley lifted its holdings in Aurora Mobile by 3,195.1% during the first quarter. Morgan Stanley now owns 92,790 shares of the company’s stock worth $393,000 after buying an additional 89,974 shares during the period. 13.46% of the stock is currently owned by institutional investors.

A number of research firms recently commented on JG. Zacks Investment Research downgraded Aurora Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. China Renaissance Securities began coverage on Aurora Mobile in a research report on Monday, October 18th. They issued a “buy” rating and a $4.07 target price on the stock. Finally, Alliance Global Partners decreased their target price on Aurora Mobile from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, September 9th.

About Aurora Mobile

Aurora Mobile Ltd. is a holding company, which engages in the provision of mobile big data solutions platform. It also offers mobile apps and core in-app functionalities needed by developers, including push notification, instant messaging, analytics, sharing, and short message service (SMS). The company was founded by Wei Dong Lou and Chen Fei in 2011 and is headquartered in Shenzhen, China.

Recommended Story: Return on Equity (ROE)

Earnings History for Aurora Mobile (NASDAQ:JG)

Receive News & Ratings for Aurora Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Mobile and related companies with MarketBeat.com's FREE daily email newsletter.