26,504 Shares in Agora, Inc. (NASDAQ:API) Bought by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd bought a new position in shares of Agora, Inc. (NASDAQ:APIGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,504 shares of the company’s stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Agora during the fourth quarter worth $22,266,000. ARK Investment Management LLC acquired a new position in Agora during the fourth quarter worth $190,000. National Bank of Canada FI acquired a new position in Agora during the fourth quarter worth $3,263,000. Genesis Investment Management LLP acquired a new position in Agora during the fourth quarter worth $15,865,000. Finally, Neumann Advisory Hong Kong Ltd raised its holdings in Agora by 3.3% during the fourth quarter. Neumann Advisory Hong Kong Ltd now owns 2,484,587 shares of the company’s stock worth $40,275,000 after buying an additional 80,000 shares during the last quarter. 57.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of API stock opened at $6.80 on Friday. The firm has a 50-day moving average of $9.83 and a 200-day moving average of $15.62. The company has a market cap of $719.92 million, a P/E ratio of -10.30 and a beta of 0.08. Agora, Inc. has a one year low of $6.30 and a one year high of $61.29.

Agora (NASDAQ:APIGet Rating) last announced its earnings results on Tuesday, February 22nd. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). Agora had a negative net margin of 43.07% and a negative return on equity of 8.20%. The firm had revenue of $40.39 million during the quarter, compared to analysts’ expectations of $36.76 million. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, equities research analysts predict that Agora, Inc. will post -0.65 earnings per share for the current year.

Several research firms have weighed in on API. Zacks Investment Research downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Thursday, February 24th. JPMorgan Chase & Co. downgraded shares of Agora from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $31.00 to $11.00 in a report on Friday, February 18th. Finally, Barclays increased their target price on shares of Agora from $24.00 to $30.00 in a report on Tuesday, January 4th.

Agora Company Profile (Get Rating)

Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. Its RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. The company's enterprise-grade products include Real-Time Video, Real-Time Voice, Live Interactive Video and Audio Streaming, Real-Time Messaging, Real-Time Recording, Real-Time Streaming Acceleration, Agora Analytics, and various use case products that serves as building blocks for developers to embed the respective functions in applications.

See Also

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Institutional Ownership by Quarter for Agora (NASDAQ:API)

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