Agora, Inc. (NASDAQ:API) Shares Purchased by Harber Asset Management LLC

Harber Asset Management LLC boosted its holdings in shares of Agora, Inc. (NASDAQ:API) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,141,000 shares of the company’s stock after acquiring an additional 123,523 shares during the period. Agora accounts for approximately 1.5% of Harber Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Harber Asset Management LLC owned about 2.32% of Agora worth $5,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in shares of Agora in the 2nd quarter valued at approximately $777,000. Dimensional Fund Advisors LP raised its stake in Agora by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock valued at $585,000 after acquiring an additional 52,432 shares in the last quarter. Clearline Capital LP boosted its holdings in Agora by 4.0% during the third quarter. Clearline Capital LP now owns 127,974 shares of the company’s stock worth $308,000 after buying an additional 4,975 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Agora by 8.4% in the second quarter. Acadian Asset Management LLC now owns 65,078 shares of the company’s stock worth $137,000 after purchasing an additional 5,051 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Agora during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America cut shares of Agora from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $4.00 to $2.63 in a research note on Tuesday, August 20th.

Agora Price Performance

API opened at $5.06 on Tuesday. Agora, Inc. has a twelve month low of $1.65 and a twelve month high of $6.49. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $2.78.

About Agora

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.