Quadrature Capital Ltd Makes New Investment in Agora, Inc. (NASDAQ:API)

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

A number of other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Agora in the third quarter valued at approximately $28,000. Acadian Asset Management LLC lifted its stake in Agora by 8.4% during the second quarter. Acadian Asset Management LLC now owns 65,078 shares of the company’s stock worth $137,000 after purchasing an additional 5,051 shares during the last quarter. Clearline Capital LP lifted its stake in Agora by 41.8% in 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 last quarter. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 52,432 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Agora during the second quarter valued at $777,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Agora Stock Up 4.6 %

Shares of API stock opened at $5.25 on Friday. The stock has a 50 day moving average of $4.06 and a 200-day moving average of $2.93. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.06. The firm has a market cap of $484.06 million, a PE ratio of -10.71 and a beta of 0.29. Agora, Inc. has a 12 month low of $1.65 and a 12 month high of $6.64.

About Agora

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.