Aurora Mobile (NASDAQ:JG) Research Coverage Started at Alliance Global Partners

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Investment analysts at Alliance Global Partners assumed coverage on shares of Aurora Mobile (NASDAQ:JG) in a research note issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.

Separately, Oppenheimer assumed coverage on Aurora Mobile in a report on Monday. They set an “outperform” rating and a $6.00 price target for the company.

NASDAQ JG opened at $3.36 on Tuesday. The firm’s fifty day moving average is $4.18 and its two-hundred day moving average is $3.84. Aurora Mobile has a one year low of $1.40 and a one year high of $11.00. The firm has a market cap of $395.49 million, a PE ratio of -16.00 and a beta of 1.50.

Aurora Mobile (NASDAQ:JG) last issued its quarterly earnings results on Thursday, March 18th. The company reported ($0.03) earnings per share (EPS) for the quarter. Aurora Mobile had a negative net margin of 32.00% and a negative return on equity of 37.58%. The company had revenue of $16.24 million during the quarter.

An institutional investor recently bought a new position in Aurora Mobile stock. CIBC World Markets Inc. acquired a new position in Aurora Mobile Limited (NASDAQ:JG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $1,068,000. CIBC World Markets Inc. owned approximately 0.26% of Aurora Mobile as of its most recent filing with the Securities and Exchange Commission (SEC). 16.66% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Mobile

Aurora Mobile Limited, through its subsidiaries, provides mobile big data solutions platform in the People's Republic of China. The company offers targeted marketing, market intelligence, financial risk management, and location-based intelligence services. Its developer services provide core in-app functionalities needed by developers, including push notification, instant messaging, analytics, sharing, short message service, verification, and device connection.

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