Agora, Inc. (NASDAQ:API) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Agora, Inc. (NASDAQ:API) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 610,457 shares of the company’s stock after acquiring an additional 2,791 shares during the period. JPMorgan Chase & Co. owned 0.66% of Agora worth $1,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in Agora in the third quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Agora in the third quarter worth $28,000. Clearline Capital LP boosted its holdings in Agora by 41.8% in the second quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock worth $261,000 after purchasing an additional 36,244 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Agora by 23.5% in 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 in the last quarter. Finally, Bank of Montreal Can acquired a new position in Agora during the 2nd quarter worth $777,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Agora Stock Down 3.2 %

Agora stock opened at $4.55 on Friday. The firm has a market cap of $419.51 million, a price-to-earnings ratio of -9.29, a P/E/G ratio of 3.46 and a beta of 0.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. Agora, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $6.64. The firm has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $3.34.

Agora (NASDAQ:API) last released its earnings results 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 quarter last year, the business posted ($0.23) EPS. As a group, 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.