JPMorgan Chase & Co. Has $1.47 Million Position in Agora, Inc. (NASDAQ:API)

JPMorgan Chase & Co. grew its stake in shares of Agora, Inc. (NASDAQ:API) by 0.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 610,457 shares of the company’s stock after buying an additional 2,791 shares during the period. JPMorgan Chase & Co.’s holdings in Agora were worth $1,471,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Harber Asset Management LLC raised its position in Agora by 6.1% in 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 in the last quarter. Bank of Montreal Can acquired a new position in Agora in the second quarter worth about $777,000. Dimensional Fund Advisors LP raised its position 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. Clearline Capital LP raised its position in Agora by 4.0% in the third quarter. Clearline Capital LP now owns 127,974 shares of the company’s stock worth $308,000 after purchasing an additional 4,975 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Agora in the third quarter worth about $28,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Price Performance

Shares of Agora stock opened at $4.55 on Friday. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The stock has a market capitalization 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. Agora, Inc. has a 1-year low of $1.65 and a 1-year high of $6.64. The firm’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $3.34.

Agora (NASDAQ:API) last issued its quarterly earnings data 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 in the prior year, the firm earned ($0.23) EPS. On average, equities analysts predict that Agora, Inc. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.