Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,217 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average price of $4.32 per share, with a total value of $39,817.44. Following the purchase, the chief executive officer owned 2,023,720 shares of the company’s stock, valued at $8,742,470.40. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 purchased 9,956 shares of Agora stock. The stock was acquired at an average cost of $4.06 per share, with a total value of $40,421.36.
- On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was bought at an average price 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 bought at an average cost of $4.19 per share, for a total transaction of $40,948.87.
- On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were bought 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 shares were bought at an average price 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 bought at an average cost 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 bought at an average cost of $4.18 per share, for a total transaction of $40,265.94.
- On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, for a total transaction of $38,860.60.
- On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $40,588.56.
Agora Price Performance
Shares of API opened at $4.32 on Thursday. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49. The stock has a market cap of $377.22 million, a PE ratio of 39.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The firm has a fifty day moving average price of $4.23 and a 200 day moving average price of $4.08.
Institutional Trading of Agora
A number of hedge funds have recently added to or reduced their stakes in API. AXQ Capital LP purchased a new position in shares of Agora in the 2nd quarter valued at approximately $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora in the second quarter valued at approximately $101,000. Finally, Headlands Technologies LLC increased its holdings in shares of Agora by 25.8% in 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. 40.40% of the stock is owned by institutional investors and hedge funds.
Key Agora News
Here are the key news stories impacting Agora this week:
- Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
- Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
- Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
- Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.
Analyst Upgrades and Downgrades
API has been the subject of a number of research analyst reports. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America lifted their price target on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.80.
Read Our Latest Report on Agora
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.
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