Agora, Inc. (NASDAQ:API) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft cut its holdings in Agora, Inc. (NASDAQ:API) by 93.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,490 shares of the company’s stock after selling 750,647 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Agora were worth $235,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of Agora during the third quarter worth about $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agora in the 3rd quarter valued at approximately $28,000. Clearline Capital LP increased its holdings in shares of Agora by 4.0% in the third quarter. Clearline Capital LP now owns 127,974 shares of the company’s stock valued at $308,000 after purchasing an additional 4,975 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Agora by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock worth $585,000 after purchasing an additional 52,432 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Agora during the second quarter worth $777,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Agora Trading Up 4.7 %

NASDAQ:API opened at $6.05 on Friday. The stock has a market capitalization of $557.81 million, a price-to-earnings ratio of -12.35, a PEG ratio of 3.32 and a beta of 0.34. Agora, Inc. has a 1 year low of $1.65 and a 1 year high of $6.64. The stock has a fifty day moving average price of $4.78 and a two-hundred day moving average price of $3.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15.

Agora (NASDAQ:API) last announced its quarterly earnings data on Monday, November 25th. The company reported ($0.26) EPS for the quarter. Agora had a negative net margin of 33.74% and a negative return on equity of 7.70%. During the same quarter last year, the firm posted ($0.23) earnings per share. As a group, sell-side analysts anticipate that Agora, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.