Agora (NASDAQ:API) CEO Buys $37,079.98 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,133 shares of Agora stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of $4.06 per share, for a total transaction of $37,079.98. Following the completion of the purchase, the chief executive officer owned 1,981,298 shares in the company, valued at approximately $8,044,069.88. The trade was a 0.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were purchased at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The stock was purchased at an average price of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was purchased at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were purchased at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 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 stock was acquired at an average cost 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 shares were acquired at an average cost of $4.13 per share, with a total value of $38,409.00.

Agora Trading Up 4.2%

Shares of API stock opened at $4.50 on Friday. The company has a market cap of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. The stock has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.09. 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 fifty-two week low of $3.14 and a fifty-two week high of $5.49.

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, beating the consensus estimate of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Trading of Agora

Several large investors have recently made changes to their positions in API. AXQ Capital LP acquired a new stake in shares of Agora in the 2nd quarter valued at about $55,000. Public Employees Retirement System of Ohio acquired a new position in Agora during the 2nd quarter worth approximately $101,000. Finally, Headlands Technologies LLC raised its stake in Agora by 25.8% during 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 period. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Bank of America increased their target price on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One 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, Agora presently has a consensus rating of “Hold” and a consensus price target of $6.80.

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.