Insider Buying: Agora (NASDAQ:API) CEO Buys $42,970.92 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,924 shares of the stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average price of $4.33 per share, with a total value of $42,970.92. Following the transaction, the chief executive officer directly owned 2,004,669 shares of the company’s stock, valued at $8,680,216.77. The trade was a 0.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was acquired at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The stock was acquired at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The stock was acquired at an average price of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was acquired at an average cost of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was acquired at an average cost of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was bought at an average price of $4.13 per share, with a total value of $38,409.00.

Agora Trading Up 4.2%

Shares of NASDAQ API opened at $4.50 on Friday. The business’s 50 day moving average is $4.23 and its two-hundred day moving average is $4.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49. The stock 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 issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The business had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. As a group, research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on API. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America raised their price target on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC lifted its holdings in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares in the last quarter. AXQ Capital LP purchased a new stake in Agora in the 2nd quarter valued at about $55,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Agora in the 2nd quarter valued at about $101,000. Institutional investors own 40.40% of the company’s stock.

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.