Agora (NASDAQ:API) CEO Bin Zhao Buys 7,692 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 7,692 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $4.47 per share, with a total value of $34,383.24. Following the completion of the transaction, the chief executive officer directly owned 2,222,333 shares of the company’s stock, valued at $9,933,828.51. The trade was a 0.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The shares were acquired at an average price of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was acquired at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were acquired at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were acquired at an average cost 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 bought at an average cost of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were bought at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, with a total value of $38,025.25.
• 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, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was bought at an average cost of $4.20 per share, for a total transaction of $22,839.60.

Agora Trading Up 0.2%

API opened at $4.49 on Wednesday. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.16.

Agora (NASDAQ:API) last issued its quarterly 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 company had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Sell-side analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Agora

A number of institutional investors have recently added to or reduced their stakes in API. Headlands Technologies LLC increased its position in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Agora in the 2nd quarter worth $101,000. Finally, AXQ Capital LP purchased a new position in shares of Agora in the second quarter worth about $55,000. 40.40% of the stock is currently owned by institutional investors.

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.