News

Jul 10, 2023

Agora, Inc. (NASDAQ:API) Shares Purchased by HRT Financial LP

HRT Financial LP raised its holdings in shares of Agora, Inc. (NASDAQ:API - Get

HRT Financial LP raised its holdings in shares of Agora, Inc. (NASDAQ:API - Get Rating) by 996.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,217 shares of the company's stock after purchasing an additional 112,885 shares during the quarter. HRT Financial LP's holdings in Agora were worth $485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of API. SG Americas Securities LLC acquired a new stake in Agora during the 3rd quarter valued at approximately $46,000. Alliancebernstein L.P. acquired a new position in shares of Agora in the 3rd quarter worth approximately $60,000. UBS Group AG grew its position in shares of Agora by 147.6% in the 2nd quarter. UBS Group AG now owns 11,713 shares of the company's stock worth $77,000 after acquiring an additional 6,982 shares in the last quarter. Quantbot Technologies LP acquired a new position in Agora during the 2nd quarter valued at approximately $91,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in Agora during the 3rd quarter valued at approximately $94,000. Institutional investors and hedge funds own 40.95% of the company's stock.

NASDAQ:API opened at $2.99 on Monday. Agora, Inc. has a 12-month low of $2.38 and a 12-month high of $7.60. The firm has a market capitalization of $346.45 million, a P/E ratio of -2.99 and a beta of -0.02. The business has a 50 day simple moving average of $3.28 and a 200 day simple moving average of $3.57.

Agora (NASDAQ:API - Get Rating) last released its quarterly earnings data on Tuesday, May 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.06). Agora had a negative net margin of 69.54% and a negative return on equity of 14.65%. The company had revenue of $36.44 million for the quarter, compared to analyst estimates of $36.96 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. Research analysts anticipate that Agora, Inc. will post -0.37 EPS for the current fiscal year.

Agora, Inc provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. Its products include video calling, voice calling, interactive live streaming, chat, signaling.

Want to see what other hedge funds are holding API? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agora, Inc. (NASDAQ:API - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Agora, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agora wasn't on the list.

While Agora currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.