Acadian Asset Management LLC Makes New $2.82 Million Investment in Agora, Inc. Sponsored ADR $API

Key Points

• Acadian Asset Management LLC has acquired a new position in Agora, Inc., purchasing 704,044 shares valued at approximately $2.8 million, representing about 0.75% of the company.
• Other institutions have also increased their holdings in Agora, with total institutional ownership reaching 40.40%.
• Agora reported a net margin of -16.59% and projected an earnings per share (EPS) of -0.4 for the current fiscal year, despite a quarterly revenue of $34.26 million.

Acadian Asset Management LLC acquired a new stake in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 704,044 shares of the company's stock, valued at approximately $2,818,000. Acadian Asset Management LLC owned approximately 0.75% of Agora as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Agora in the 4th quarter worth $53,000. Cubist Systematic Strategies LLC purchased a new position in Agora during the 1st quarter valued at $291,000. Public Employees Retirement System of Ohio boosted its holdings in Agora by 2,792.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 35,432 shares of the company's stock valued at $147,000 after acquiring an additional 34,207 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Agora during the first quarter worth $43,000. Finally, Bank of America Corp DE increased its stake in Agora by 714.6% in the 4th quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock worth $2,353,000 after buying an additional 496,156 shares during the period. Hedge funds and other institutional investors own 40.40% of the company's stock.

Agora Trading Down 1.0%

API stock traded down $0.04 during mid-day trading on Friday, reaching $3.85. The company had a trading volume of 368,351 shares, compared to its average volume of 516,970. The company has a market capitalization of $359.32 million, a PE ratio of -15.40, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.55 and a quick ratio of 3.55. Agora, Inc. Sponsored ADR has a 12 month low of $1.97 and a 12 month high of $6.99. The firm has a 50 day moving average of $3.75 and a 200 day moving average of $3.79.

Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $34.26 million during the quarter. Agora had a negative net margin of 16.59% and a negative return on equity of 3.87%. During the same period in the previous year, the company posted ($0.10) EPS. Agora has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Agora, Inc. Sponsored ADR will post -0.4 earnings per share for the current fiscal year.

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.