Agora (NASDAQ:API) CEO Purchases $40,421.36 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,956 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average price of $4.06 per share, with a total value of $40,421.36. Following the transaction, the chief executive officer owned 2,119,690 shares of the company’s stock, valued at approximately $8,605,941.40. This represents a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Bin Zhao also recently made the following trade(s):

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were purchased at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were purchased at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were purchased at an average price of $4.08 per share, with a total value of $21,628.08.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was purchased at an average cost of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Stock Up 4.2%

NASDAQ API opened at $4.50 on Friday. The stock has a 50 day moving average price of $4.23 and a 200-day moving average price of $4.09. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75.

Agora (NASDAQ:API) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. As a group, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on API shares. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

A number of institutional investors and hedge funds have recently modified their holdings of the business. AXQ Capital LP purchased a new position in Agora during the 2nd quarter valued at $55,000. Public Employees Retirement System of Ohio bought a new position in Agora in the 2nd quarter valued at $101,000. Finally, Headlands Technologies LLC grew its position in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares during the last quarter. 40.40% of the stock is owned by institutional investors.

Agora Company Profile

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.