Seldon Capital LP Makes New $425,000 Investment in Agora, Inc. (NASDAQ:API)

Seldon Capital LP purchased a new stake in shares of Agora, Inc. (NASDAQ:API) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 102,273 shares of the company’s stock, valued at approximately $425,000.

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

Agora Stock Performance

Shares of NASDAQ API opened at $2.61 on Friday. Agora, Inc. has a 12-month low of $1.65 and a 12-month high of $6.99. The firm has a market capitalization of $240.65 million, a price-to-earnings ratio of -5.33, a price-to-earnings-growth ratio of 4.36 and a beta of 0.50. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $4.69 and a 200 day moving average of $4.50.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded Agora from a “neutral” rating to a “buy” rating and upped their price objective for the company from $3.10 to $6.00 in a research report on Thursday, January 16th.

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.