NINE MASTS CAPITAL Ltd Invests $183,000 in Agora, Inc. (NASDAQ:API)

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Agora, Inc. (NASDAQ:API) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors have also recently made changes to their positions in the business. Yong Rong HK Asset Management Ltd acquired a new position in Agora during the 4th quarter valued at about $10,192,000. Rhumbline Advisers grew its stake in shares of 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. TMT General Partner Ltd acquired a new position in shares of Agora during the fourth quarter valued at about $13,004,000. JPMorgan Chase & Co. raised its position in shares of Agora by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,457 shares of the company’s stock valued at $1,471,000 after purchasing an additional 2,791 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Agora in the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Price Performance

NASDAQ API opened at $5.66 on Monday. The company has a market cap of $521.86 million, a price-to-earnings ratio of -11.55, a PEG ratio of 4.36 and a beta of 0.38. 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 fifty day moving average price is $5.12 and its 200 day moving average price is $3.99. Agora, Inc. has a 1 year low of $1.65 and a 1 year high of $6.99.

Wall Street Analysts Forecast Growth

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

Agora Company 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.