NINE MASTS CAPITAL Ltd Acquires Shares of 44,000 Agora, Inc. (NASDAQ:API)

NINE MASTS CAPITAL Ltd bought a new position in Agora, Inc. (NASDAQ:API) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors have also modified their holdings of the company. Yong Rong HK Asset Management Ltd bought a new position in shares of Agora during the 4th quarter worth $10,192,000. Rhumbline Advisers lifted its stake in Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company’s stock worth $30,000 after acquiring an additional 6,960 shares during the period. TMT General Partner Ltd purchased a new stake in Agora in the fourth quarter worth about $13,004,000. JPMorgan Chase & Co. grew its holdings in Agora by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock worth $1,471,000 after acquiring an additional 2,791 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Agora during the 3rd quarter valued at about $27,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Bank of America raised shares of Agora from a “neutral” rating to a “buy” rating and upped their price target for the stock from $3.10 to $6.00 in a research report on Thursday, January 16th.

Agora Stock Down 8.6 %

Shares of NASDAQ API opened at $5.66 on Monday. Agora, Inc. has a 12-month low of $1.65 and a 12-month high of $6.99. The stock’s fifty day simple moving average is $5.12 and its two-hundred day simple moving average is $3.99. The stock has a market capitalization of $521.86 million, a PE ratio of -11.55, a price-to-earnings-growth ratio of 4.36 and a beta of 0.38. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06.

Agora Company Profile

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.