Agora (NASDAQ:API) CEO Purchases $39,551.60 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 8,989 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was bought at an average cost of $4.40 per share, for a total transaction of $39,551.60. Following the purchase, the chief executive officer directly owned 2,204,735 shares of the company’s stock, valued at approximately $9,700,834. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were bought at an average cost of $4.39 per share, for a total transaction of $43,772.69.
• On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The shares were bought at an average price of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The stock was purchased at an average price of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were purchased at an average price of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were acquired at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.

Agora Stock Performance

NASDAQ:API opened at $4.45 on Friday. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The firm has a market capitalization of $388.57 million, a PE ratio of 40.46 and a beta of 0.75. 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 stock’s fifty day moving average is $4.21 and its 200 day moving average is $4.12.

Agora (NASDAQ:API) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. On average, sell-side analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. AXQ Capital LP acquired a new position in Agora in the 2nd quarter worth approximately $55,000. Headlands Technologies LLC increased its holdings in Agora by 25.8% in the second 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. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the 2nd quarter valued at about $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.

About Agora

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.