Garden State Investment Advisory Services LLC Purchases New Shares in Agora, Inc. (NASDAQ:API)

Garden State Investment Advisory Services LLC acquired a new stake in Agora, Inc. (NASDAQ:API - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 114,931 shares of the company's stock, valued at approximately $478,000. Garden State Investment Advisory Services LLC owned approximately 0.12% of Agora as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in API. Rhumbline Advisers grew its holdings in Agora by 1,988.6% during the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after acquiring an additional 6,960 shares during the period. EntryPoint Capital LLC bought a new position in Agora during the fourth quarter worth $69,000. XTX Topco Ltd bought a new position in Agora in the fourth quarter worth $73,000. Virtu Financial LLC acquired a new position in shares of Agora in the 4th quarter worth approximately $155,000. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in Agora during the 4th quarter valued at $183,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded shares of Agora from a "neutral" rating to a "buy" rating and raised their target price for the stock from $3.10 to $6.00 in a report on Thursday, January 16th.

Agora Stock Performance

Shares of Agora stock traded up $0.02 during trading hours on Monday, hitting $2.63. 486,718 shares of the company's stock traded hands, compared to its average volume of 994,612. The stock has a market capitalization of $242.49 million, a price-to-earnings ratio of -5.37, a PEG ratio of 4.36 and a beta of 0.50. Agora, Inc. has a 12-month low of $1.65 and a 12-month high of $6.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.15 and a quick ratio of 6.15. The company has a fifty day simple moving average of $4.69 and a 200-day simple moving average of $4.50.

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.