Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,773 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,773 shares of the stock in a transaction on Tuesday, October 6th. The shares were purchased at an average cost of $4.19 per share, with a total value of $40,948.87. Following the transaction, the chief executive officer owned 2,099,897 shares of the company’s stock, valued at $8,798,568.43. This trade represents a 0.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were purchased 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 stock was 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 stock was purchased at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The shares were acquired at an average cost of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The shares were acquired at an average cost of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The stock was acquired at an average price of $4.22 per share, for a total transaction of $40,195.50.

Agora Trading Up 7.5%

NASDAQ API opened at $4.42 on Wednesday. The firm has a market capitalization of $385.95 million, a price-to-earnings ratio of 40.19 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. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The company’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.07.

Agora (NASDAQ:API) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $40.44 million. On average, sell-side analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Agora

Institutional investors and hedge funds have recently bought and sold shares of the stock. AXQ Capital LP purchased a new position in Agora in the 2nd quarter worth approximately $55,000. Headlands Technologies LLC raised its stake in shares of Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after purchasing an additional 10,021 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora News Summary

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Wall Street Analysts Forecast Growth

API has been the topic of several recent research reports. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Bank of America increased their price target 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 raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.80.

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.