Dimensional Fund Advisors LP Increases Stock Position in Agora, Inc. (NASDAQ:API)

Dimensional Fund Advisors LP lifted its position in shares of Agora, Inc. (NASDAQ:API) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,866 shares of the company’s stock after buying an additional 52,432 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Agora worth $585,000 as of its most recent SEC filing.

Separately, Nomura Holdings Inc. purchased a new position in Agora during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Stock Performance

Shares of API stock opened at $3.26 on Monday. The company has a market capitalization of $300.58 million, a price-to-earnings ratio of -4.02 and a beta of 0.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.29 and a current ratio of 8.29. The company’s 50-day moving average is $2.42 and its 200 day moving average is $2.47. Agora, Inc. has a one year low of $1.65 and a one year high of $6.43.

Agora (NASDAQ:API) last announced its earnings results on Monday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $34.21 million during the quarter, compared to analysts’ expectations of $34.46 million. Agora had a negative return on equity of 7.32% and a negative net margin of 31.69%. During the same period in the previous year, the business posted ($0.45) earnings per share. Sell-side analysts expect that Agora, Inc. will post -0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lowered Agora from a “buy” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $2.63 in a research report on Tuesday, August 20th.

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.