Aurora Mobile (NASDAQ:JG) Posts Quarterly Earnings Results, Beats Expectations By $0.89 EPS

Aurora Mobile (NASDAQ:JG) released its earnings results on Wednesday. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.13) by $0.89, Fidelity Earnings reports. Aurora Mobile had a negative net margin of 48.33% and a negative return on equity of 42.25%.

JG traded up $0.13 on Friday, reaching $3.16. 17,991 shares of the company traded hands, compared to its average volume of 2,373,168. Aurora Mobile has a one year low of $1.40 and a one year high of $11.00. The firm has a fifty day moving average price of $3.38. The firm has a market capitalization of $371.95 million, a P/E ratio of -11.79 and a beta of 1.42.

Several research firms have recently issued reports on JG. Alliance Global Partners began coverage on shares of Aurora Mobile in a report on Tuesday, May 4th. They issued a “buy” rating and a $7.00 target price for the company. Oppenheimer began coverage on shares of Aurora Mobile in a report on Tuesday, April 27th. They issued an “outperform” rating and a $6.00 target price for the company.

A hedge fund recently raised its stake in Aurora Mobile stock. Morgan Stanley boosted its stake in shares of Aurora Mobile Limited (NASDAQ:JG) by 3,195.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,790 shares of the company’s stock after buying an additional 89,974 shares during the quarter. Morgan Stanley owned approximately 0.08% of Aurora Mobile worth $393,000 as of its most recent SEC filing. 18.85% 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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Earnings History for Aurora Mobile (NASDAQ:JG)

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