Agora (NASDAQ:API) CEO Bin Zhao Acquires 5,438 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 5,438 shares of Agora stock in a transaction dated Tuesday, October 13th. The stock was purchased at an average price of $4.20 per share, with a total value of $22,839.60. Following the completion of the purchase, the chief executive officer owned 2,139,366 shares in the company, valued at $8,985,337.20. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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 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 acquired at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were acquired at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were acquired 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 shares were acquired at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The stock was acquired at an average price 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 stock was acquired at an average price of $4.18 per share, for a total transaction of $40,265.94.

Agora Price Performance

Shares of NASDAQ API opened at $4.50 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 stock has a market cap of $392.94 million, a price-to-earnings ratio of 40.91 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 firm’s 50-day simple moving average is $4.23 and its 200 day simple moving average is $4.09.

Agora (NASDAQ:API) last released its quarterly earnings results 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. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Agora

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the 2nd quarter valued at $101,000. AXQ Capital LP purchased a new position in shares of Agora in the 2nd quarter worth about $55,000. 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 buying an additional 10,021 shares during the last quarter. 40.40% of the stock is owned by hedge funds and other 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.