Aurora Mobile (NASDAQ:JG) Board of Directors Approves Share Buyback Plan

Aurora Mobile (NASDAQ:JG) announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 12th, RTT News reports. The company plans to buy back $10 million in outstanding shares. This repurchase authorization allows the company to buy up to 28.4% of its shares through open market purchases. Share repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Aurora Mobile from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Aurora Mobile Price Performance

Aurora Mobile stock opened at $5.27 on Friday. The stock’s 50 day moving average is $6.68 and its 200 day moving average is $6.30. The firm has a market cap of $31.62 million, a P/E ratio of 16.47 and a beta of 0.63. Aurora Mobile has a one year low of $3.20 and a one year high of $10.37.

Aurora Mobile (NASDAQ:JG) last announced its earnings results on Thursday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($2.08) by $2.23. The business had revenue of $15.88 million for the quarter, compared to analysts’ expectations of $10.83 million. Aurora Mobile had a return on equity of 11.39% and a net margin of 2.63%.

Insider Transactions at Aurora Mobile

In other news, Director Hon Sang Lee sold 11,470 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $5.55, for a total value of $63,658.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 31.20% of the company’s stock.

About Aurora Mobile

Aurora Mobile Limited, also known as Jiguang, is a technology company that provides customer engagement and marketing services. Founded in 2011, it initially built its business around mobile developer services, including push notifications and messaging tools that help apps communicate with users. The company’s offerings have expanded to include analytics, marketing automation and other data-driven services designed to help businesses understand and engage customers. Its products support activities such as sending targeted messages, analyzing user behavior and managing customer communications.