Garden State Investment Advisory Services LLC Buys New Holdings in Agora, Inc. (NASDAQ:API)

Garden State Investment Advisory Services LLC bought a new stake in shares of Agora, Inc. (NASDAQ:API) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 114,931 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Agora by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock worth $1,471,000 after acquiring an additional 2,791 shares during the period. TMT General Partner Ltd bought a new position in shares of Agora during the 4th quarter valued at approximately $13,004,000. Rhumbline Advisers increased its stake in Agora by 1,988.6% during the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company’s stock worth $30,000 after acquiring an additional 6,960 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in shares of Agora in the 4th quarter worth about $10,192,000. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Agora during the fourth quarter worth $183,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Agora Trading Up 0.3 %

Shares of NASDAQ API opened at $2.99 on Wednesday. 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 has a market capitalization of $275.68 million, a P/E ratio of -6.10, a price-to-earnings-growth ratio of 4.36 and a beta of 0.50. Agora, Inc. has a 1-year low of $1.65 and a 1-year high of $6.99. The business has a fifty day moving average price of $4.91 and a 200 day moving average price of $4.51.

Wall Street Analyst Weigh In

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

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.