192,580 Shares in Agora, Inc. Sponsored ADR $API Purchased by Yiheng Capital Management L.P.

Key Points

• Yiheng Capital Management L.P. invested approximately $774,000 in Agora, Inc. Sponsored ADR, acquiring 192,580 shares, making it the fund's 18th largest position.
• A total of 40.40% of Agora's stock is held by institutional investors, indicating strong institutional interest in the company.
• Agora's latest quarterly earnings report revealed a revenue of $34.26 million and earnings per share of $0.01, representing an improvement from a loss of $0.10 per share from the previous year.

Yiheng Capital Management L.P. acquired a new position in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 192,580 shares of the company's stock, valued at approximately $774,000. Agora accounts for about 0.1% of Yiheng Capital Management L.P.'s investment portfolio, making the stock its 18th largest holding. Yiheng Capital Management L.P. owned approximately 0.21% of Agora as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in API. TMT General Partner Ltd grew its stake in shares of 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 purchasing an additional 7,728,261 shares during the period. MY.Alpha Management HK Advisors Ltd acquired a new stake in shares of Agora during the fourth quarter worth $3,057,000. Bank of America Corp DE grew its stake in shares of Agora by 714.6% during 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 period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Agora by 95.2% during 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 period. Finally, Yong Rong HK Asset Management Ltd grew its stake in shares of Agora by 17.0% during 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 purchasing an additional 415,755 shares during the period. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Trading Down 3.2%

NASDAQ:API traded down $0.11 on Thursday, reaching $3.30. The company's stock had a trading volume of 231,380 shares, compared to its average volume of 717,574. Agora, Inc. Sponsored ADR has a 1-year low of $1.80 and a 1-year 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. The firm has a market cap of $308.00 million, a PE ratio of -13.20, a PEG ratio of 1.80 and a beta of 0.54. The business's 50-day moving average price is $3.77 and its two-hundred day moving average price is $3.96.

Agora (NASDAQ:API - Get Free Report) last posted 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 period in the previous 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 fiscal 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.