Agora (NASDAQ:API) CEO Purchases $24,180.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 6,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of $4.03 per share, with a total value of $24,180.00. Following the completion of the transaction, the chief executive officer owned 1,987,298 shares in the company, valued at approximately $8,008,810.94. The trade was a 0.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 acquired 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 stock was acquired at an average price of $4.30 per share, for a total transaction of $41,955.10.
  • On Tuesday, October 13th, Bin Zhao purchased 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 purchased 5,301 shares of Agora stock. The shares were acquired at an average cost of $4.08 per share, with a total value of $21,628.08.
  • On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, with a total value of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were acquired at an average cost 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 acquired at an average price of $4.19 per share, for a total transaction of $40,948.87.
  • On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $40,600.34.
  • On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were acquired 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 acquired at an average cost of $4.13 per share, with a total value of $38,409.00.

Agora Stock Performance

Shares of API opened at $4.50 on Friday. The company has a market capitalization of $392.94 million, a price-to-earnings ratio of 40.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.09.

Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

API has been the subject of a number of research reports. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America upped their price objective on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.80.

View Our Latest Report on Agora

Institutional Investors Weigh In On Agora

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the second quarter worth approximately $101,000. AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter valued at $55,000. Finally, Headlands Technologies LLC increased its holdings in shares of 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 period. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

Receive News & Ratings for Agora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agora and related companies with MarketBeat.com's FREE daily email newsletter.