Headlands Technologies LLC lifted its position in shares of Agora, Inc. (NASDAQ:API - Free Report) by 1,158.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 95,060 shares of the company's stock after acquiring an additional 87,505 shares during the quarter. Headlands Technologies LLC owned approximately 0.10% of Agora worth $395,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Agora in the fourth quarter worth about $3,082,000. EntryPoint Capital LLC bought a new stake in Agora during the 4th quarter valued at $69,000. American Century Companies Inc. lifted its position in shares of Agora by 159.5% during the fourth quarter. American Century Companies Inc. now owns 119,168 shares of the company's stock worth $496,000 after acquiring an additional 73,243 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Agora in the fourth quarter worth $155,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Agora by 3,671.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,795 shares of the company's stock worth $1,850,000 after acquiring an additional 433,001 shares during the period. Hedge funds and other institutional investors own 40.40% of the company's stock.
Agora Price Performance
Agora stock traded down $0.04 during midday trading on Wednesday, reaching $3.00. 1,483,914 shares of the stock were exchanged, compared to its average volume of 993,420. The company's fifty day moving average is $5.14 and its 200-day moving average is $4.49. 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, Inc. has a 52 week low of $1.65 and a 52 week high of $6.99. The firm has a market cap of $276.61 million, a PE ratio of -6.12, a PEG ratio of 4.36 and a beta of 0.50.
Wall Street Analysts Forecast Growth
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $3.10 to $6.00 in a report on Thursday, January 16th.
Read Our Latest Research Report on Agora
Agora Company Profile
(
Free Report)
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.
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