Aurora Mobile (NASDAQ:JG) Releases Quarterly Earnings Results, Misses Expectations By $0.70 EPS

Aurora Mobile (NASDAQ:JGGet Rating) issued its quarterly earnings data on Wednesday. The company reported ($1.04) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.70), Fidelity Earnings reports. Aurora Mobile had a negative return on equity of 44.60% and a negative net margin of 39.28%.

Shares of JG stock traded up $0.02 during mid-day trading on Friday, reaching $1.03. 2,893 shares of the company’s stock traded hands, compared to its average volume of 251,494. Aurora Mobile has a 12 month low of $0.75 and a 12 month high of $3.60. The firm has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $1.04. The firm has a market capitalization of $121.99 million, a PE ratio of -5.32 and a beta of 1.16.

Separately, Alliance Global Partners lowered shares of Aurora Mobile from a “buy” rating to a “neutral” rating in a report on Thursday.

Hedge funds have recently modified their holdings of the company. Morgan Stanley boosted its holdings in Aurora Mobile by 3,195.1% in the 1st 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. Goldman Sachs Group Inc. bought a new position in Aurora Mobile in the 2nd quarter worth $75,000. Invesco Ltd. boosted its holdings in Aurora Mobile by 26.2% in the 3rd 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. Bank of America Corp DE bought a new position in Aurora Mobile in the 4th quarter worth $86,000. Finally, Renaissance Technologies LLC bought a new position in Aurora Mobile in the 4th quarter worth $73,000. 16.19% of the stock is owned by hedge funds and other institutional investors.

Aurora Mobile Company Profile (Get Rating)

Aurora Mobile Limited, through its subsidiaries, operates as a mobile app developer service provider in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. Its vertical applications have expanded to market intelligence, financial risk management, and location-based intelligence; and offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.

See Also

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.