Quadrature Capital Ltd Invests $27,000 in Agora, Inc. (NASDAQ:API)

Quadrature Capital Ltd purchased a new position in Agora, Inc. (NASDAQ:API) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,018 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Agora in the 2nd quarter worth approximately $777,000. Harber Asset Management LLC lifted its position in shares of Agora by 6.1% during the third quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company’s stock worth $5,160,000 after purchasing an additional 123,523 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Agora by 23.5% during 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 during the last quarter. Clearline Capital LP increased its stake in shares of Agora by 41.8% during the second quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock valued at $261,000 after buying an additional 36,244 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agora during the third quarter valued at $28,000. Institutional investors own 40.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Agora from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $4.00 to $2.63 in a report on Tuesday, August 20th.

Agora Price Performance

Shares of NASDAQ API opened at $5.25 on Friday. Agora, Inc. has a 1-year low of $1.65 and a 1-year high of $6.64. The company has a market cap of $484.06 million, a price-to-earnings ratio of -10.71 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. The stock’s 50-day moving average is $4.06 and its two-hundred day moving average is $2.93.

Agora 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.