Agora, Inc. (NASDAQ:API) Shares Sold by GGV Capital LLC

GGV Capital LLC decreased its holdings in shares of Agora, Inc. (NASDAQ:API) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,317,187 shares of the company’s stock after selling 186,961 shares during the quarter. Agora makes up approximately 5.0% of GGV Capital LLC’s holdings, making the stock its 4th biggest holding. GGV Capital LLC owned 2.16% of Agora worth $5,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft lifted its stake in Agora by 23.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 746,589 shares of the company’s stock valued at $1,964,000 after buying an additional 143,501 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Agora in the 4th quarter valued at about $37,000. Finally, Acadian Asset Management LLC acquired a new position in Agora during the 1st quarter valued at about $149,000. Institutional investors own 40.40% of the company’s stock.

Agora Stock Performance

Shares of NASDAQ:API traded up $0.04 during trading hours on Friday, hitting $2.49. The stock had a trading volume of 101,159 shares, compared to its average volume of 144,347. The stock’s fifty day simple moving average is $2.47 and its 200 day simple moving average is $2.58. The firm has a market capitalization of $229.58 million, a price-to-earnings ratio of -3.07 and a beta of 0.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.84 and a current ratio of 7.84. Agora, Inc. has a 1-year low of $2.03 and a 1-year high of $3.35.

Agora (NASDAQ:API) last posted its earnings results on Wednesday, May 22nd. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Agora had a negative net margin of 57.83% and a negative return on equity of 13.09%. The business had revenue of $33.02 million during the quarter, compared to analyst estimates of $32.93 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Sell-side analysts anticipate that Agora, Inc. will post -0.23 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.