MY.Alpha Management HK Advisors Ltd Grows Stake in Agora, Inc. Sponsored ADR $API

Key Points

• MY.Alpha Management HK Advisors Ltd increased its stake in Agora, Inc. by 59.7% during the first quarter, owning a total of 1,173,703 shares valued at approximately $4.7 million.
• Other institutional investors have also recently acquired shares in Agora, with 40.40% of the company's stock now held by these investors.
• As of Monday, Agora's stock is trading at $3.67, with a market cap of about $342.52 million and a 12-month high of $6.99.

MY.Alpha Management HK Advisors Ltd increased its holdings in Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 59.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,173,703 shares of the company's stock after buying an additional 438,965 shares during the period. Agora comprises approximately 2.3% of MY.Alpha Management HK Advisors Ltd's investment portfolio, making the stock its 15th biggest holding. MY.Alpha Management HK Advisors Ltd owned about 1.26% of Agora worth $4,718,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TMT General Partner Ltd raised its stake in Agora by 247.2% in the first quarter. TMT General Partner Ltd now owns 10,854,288 shares of the company's stock worth $43,634,000 after buying an additional 7,728,261 shares in the last quarter. Yong Rong HK Asset Management Ltd raised its stake in Agora by 17.0% in the first quarter. Yong Rong HK Asset Management Ltd now owns 2,865,755 shares of the company's stock worth $11,521,000 after buying an additional 415,755 shares in the last quarter. Hhlr Advisors LTD. bought a new position in Agora in the fourth quarter worth approximately $8,730,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Agora by 95.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 868,402 shares of the company's stock worth $3,491,000 after purchasing an additional 423,607 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Agora by 714.6% in the fourth quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock worth $2,353,000 after purchasing an additional 496,156 shares during the last quarter. Institutional investors own 40.40% of the company's stock.

Agora Stock Down 0.3%

NASDAQ API traded down $0.01 on Friday, hitting $3.53. The stock had a trading volume of 852,042 shares, compared to its average volume of 453,552. The business's fifty day moving average price is $3.81 and its 200 day moving average price is $4.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.55 and a quick ratio of 3.51. Agora, Inc. Sponsored ADR has a 52-week low of $1.65 and a 52-week high of $6.99. The stock has a market cap of $329.45 million, a price-to-earnings ratio of -14.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59.

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

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.