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

Baader Bank Aktiengesellschaft cut its holdings in Agora, Inc. (NASDAQ:API - Free Report) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,490 shares of the company's stock after selling 750,647 shares during the period. Baader Bank Aktiengesellschaft owned 0.06% of Agora worth $235,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in API. Quadrature Capital Ltd purchased a new stake in Agora in the third quarter valued at approximately $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Agora in the third quarter valued at approximately $28,000. Clearline Capital LP raised its position in 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 position in Agora by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company's stock valued at $585,000 after purchasing an additional 52,432 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Agora in the second quarter valued at approximately $777,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Agora Stock Up 0.4 %

Shares of Agora stock traded up $0.02 during trading hours on Monday, reaching $5.61. 698,467 shares of the company were exchanged, compared to its average volume of 910,114. Agora, Inc. has a 1 year low of $1.65 and a 1 year high of $6.64. The stock's fifty day moving average is $4.80 and its 200 day moving average is $3.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. The firm has a market cap of $517.25 million, a PE ratio of -11.45, a PEG ratio of 3.95 and a beta of 0.34.

Agora (NASDAQ:API - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported ($0.26) earnings per share for the quarter. Agora had a negative return on equity of 7.70% and a negative net margin of 33.74%. During the same period in the previous year, the business posted ($0.23) EPS. As a group, equities research analysts forecast that Agora, Inc. will post -0.4 earnings per share for the current year.

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.