93,637 Shares in Agora, Inc. Sponsored ADR $API Bought by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC invested approximately $376,000 in Agora, Inc. by purchasing 93,637 shares during the first quarter, representing about 0.10% of the company's stock.
• A variety of other institutional investors, including QRG Capital Management Inc. and Quantbot Technologies LP, also made new investments in Agora during the first quarter, contributing to the 40.40% institutional ownership of the company.
• Agora's recent financial results showed an earnings per share of $0.01 for the last quarter and a projected loss of -0.4 EPS for the current year, highlighting ongoing challenges in profitability.

Rafferty Asset Management LLC purchased a new position in Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 93,637 shares of the company's stock, valued at approximately $376,000. Rafferty Asset Management LLC owned 0.10% of Agora at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of API. TMT General Partner Ltd increased its stake in Agora by 247.2% during the first quarter. TMT General Partner Ltd now owns 10,854,288 shares of the company's stock worth $43,634,000 after acquiring an additional 7,728,261 shares during the last quarter. MY.Alpha Management HK Advisors Ltd acquired a new stake in shares of Agora in the fourth quarter valued at $3,057,000. Bank of America Corp DE grew its stake in shares of Agora by 714.6% in the fourth quarter. Bank of America Corp DE now owns 565,584 shares of the company's stock valued at $2,353,000 after buying an additional 496,156 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Agora by 95.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 868,402 shares of the company's stock valued at $3,491,000 after buying an additional 423,607 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd grew its stake in shares of 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 valued at $11,521,000 after buying an additional 415,755 shares in the last quarter. Institutional investors and hedge funds own 40.40% of the company's stock.

Agora Trading Up 3.6%

Shares of NASDAQ API traded up $0.12 during trading on Friday, reaching $3.42. The stock had a trading volume of 569,344 shares, compared to its average volume of 526,684. The company has a market cap of $319.20 million, a P/E ratio of -13.68, a PEG ratio of 1.78 and a beta of 0.54. The business's 50-day moving average price is $3.75 and its 200-day moving average price is $3.91. Agora, Inc. Sponsored ADR has a fifty-two week low of $1.83 and a fifty-two week high of $6.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.55 and a current ratio of 3.55.

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. The firm had revenue of $34.26 million during the quarter. Agora had a negative return on equity of 3.87% and a negative net margin of 16.59%.During the same quarter last year, the business posted ($0.10) earnings per share. Agora has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Agora, Inc. Sponsored ADR will post -0.4 EPS 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.