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

Aurora Mobile (NASDAQ:JG – Get 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.

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