Seldon Capital LP acquired a new position in Agora, Inc. (NASDAQ:API - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 102,273 shares of the company's stock, valued at approximately $425,000. Seldon Capital LP owned about 0.11% of Agora as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Garden State Investment Advisory Services LLC bought a new position in Agora in the fourth quarter worth about $478,000. XTX Topco Ltd purchased a new position in shares of Agora during the 4th quarter worth approximately $73,000. Barclays PLC raised its position in shares of Agora by 7.9% in the 4th quarter. Barclays PLC now owns 119,572 shares of the company's stock worth $497,000 after acquiring an additional 8,724 shares in the last quarter. HCEP Management Ltd purchased a new position in shares of Agora in the 4th quarter valued at approximately $2,080,000. Finally, Headlands Technologies LLC boosted its position in shares of Agora by 1,158.2% during the fourth quarter. Headlands Technologies LLC now owns 95,060 shares of the company's stock valued at $395,000 after purchasing an additional 87,505 shares in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.
Agora Price Performance
Shares of API opened at $2.61 on Friday. Agora, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $6.99. The firm's 50-day simple moving average is $4.69 and its two-hundred day simple moving average is $4.50. The stock has a market cap of $240.65 million, a PE ratio of -5.33, a price-to-earnings-growth ratio of 4.36 and a beta of 0.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15.
Wall Street Analyst Weigh In
Separately, Bank of America raised Agora from a "neutral" rating to a "buy" rating and raised their price objective for the company from $3.10 to $6.00 in a research report on Thursday, January 16th.
View Our Latest Stock Analysis 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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