MY.Alpha Management HK Advisors Ltd Increases Holdings 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 shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 59.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,173,703 shares of the company's stock after acquiring an additional 438,965 shares during the quarter. Agora makes up about 2.3% of MY.Alpha Management HK Advisors Ltd's holdings, making the stock its 15th largest position. MY.Alpha Management HK Advisors Ltd owned about 1.26% of Agora worth $4,718,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in Agora during the first quarter worth $69,000. Invesco Ltd. increased its position in Agora by 20.2% in the first quarter. Invesco Ltd. now owns 58,454 shares of the company's stock worth $235,000 after buying an additional 9,835 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position 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 buying an additional 423,607 shares during the last quarter. Deutsche Bank AG purchased a new stake in Agora in the first quarter worth $125,000. Finally, Headlands Technologies LLC increased its position in Agora by 6.1% in the first quarter. Headlands Technologies LLC now owns 100,887 shares of the company's stock worth $406,000 after buying an additional 5,827 shares during the last quarter. 40.40% of the stock is currently owned by institutional investors.

Agora Stock Performance

NASDAQ:API traded down $0.01 during trading hours on Friday, reaching $3.53. The stock had a trading volume of 851,939 shares, compared to its average volume of 730,492. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.51 and a current ratio of 3.55. The stock has a 50 day simple moving average of $3.81 and a 200 day simple moving average of $4.13. Agora, Inc. Sponsored ADR has a 12-month low of $1.65 and a 12-month high of $6.99. The stock has a market cap of $329.45 million, a P/E ratio of -14.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59.

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

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.