Agora (NASDAQ:API) CEO Acquires $38,025.25 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 8,545 shares of the stock in a transaction dated Thursday, October 15th. The stock was acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25. Following the completion of the transaction, the chief executive officer owned 2,157,668 shares of the company’s stock, valued at $9,601,622.60. The trade was a 0.40% increase in their position. The transaction 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 Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The shares were bought at an average cost of $4.43 per share, for a total transaction of $38,984.00.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were bought at an average price 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 purchased at an average cost 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 shares were 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 purchased at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were purchased at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The stock was purchased at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, with a total value of $37,257.15.

Agora Stock Up 2.0%

Shares of API stock opened at $4.49 on Thursday. 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 current ratio of 5.11 and a quick ratio of 5.11. The stock has a fifty day moving average price of $4.22 and a 200 day moving average price of $4.11. The stock has a market cap of $392.07 million, a P/E ratio of 40.82 and a beta of 0.75.

Agora (NASDAQ:API) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $40.44 million. Analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America lifted their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Agora has an average rating of “Hold” and an average price target of $6.80.

Institutional Trading of Agora

Hedge funds have recently modified their holdings of the company. AXQ Capital LP bought a new position in shares of Agora in the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora in the 2nd quarter worth approximately $101,000. Finally, Headlands Technologies LLC boosted 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 worth $195,000 after acquiring an additional 10,021 shares in the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

About Agora

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.