Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,095 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,095 shares of the company’s stock in a transaction on Friday, October 30th. The stock was purchased at an average price of $4.38 per share, with a total value of $39,836.10. Following the completion of the transaction, the chief executive officer owned 2,253,406 shares of the company’s stock, valued at approximately $9,869,918.28. This trade represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was purchased at an average cost of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was purchased at an average cost of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 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 purchased 8,989 shares of Agora stock. The stock was acquired at an average price of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The shares were acquired at an average cost of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was acquired at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $38,984.00.

Agora Stock Performance

NASDAQ API opened at $4.16 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The business has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.16. The firm has a market cap of $363.25 million, a price-to-earnings ratio of 37.82 and a beta of 0.88.

Agora (NASDAQ:API) last issued its 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 company had revenue of $40.42 million for 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, equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Agora

Several large investors have recently made changes to their positions in API. Headlands Technologies LLC boosted its stake in 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 buying an additional 10,021 shares during the last quarter. AXQ Capital LP purchased a new position in Agora during the second quarter worth $55,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the 2nd quarter worth about $101,000. 40.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Agora Company Profile

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.