Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,513 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,513 shares of the stock in a transaction on Wednesday, October 21st. The stock was purchased at an average cost of $4.46 per share, with a total value of $42,427.98. Following the transaction, the chief executive officer directly owned 2,195,746 shares of the company’s stock, valued at $9,793,027.16. This represents a 0.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were purchased at an average price of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The shares were purchased at an average price of $4.40 per share, for a total transaction of $39,551.60.
• On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The shares were purchased at an average cost of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were purchased at an average cost of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was 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 acquired at an average price 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 shares were acquired at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were acquired at an average cost 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 stock was acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.

Agora Trading Up 1.4%

NASDAQ:API opened at $4.45 on Friday. The stock has a market cap of $388.57 million, a price-to-earnings ratio of 40.46 and a beta of 0.75. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The business’s 50-day simple moving average is $4.21 and its 200 day simple moving average is $4.12.

Agora (NASDAQ:API) last issued its quarterly earnings data 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 return on equity of 1.96% and a net margin of 7.23%. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. As a group, sell-side analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on API shares. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America lifted their price target 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, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Agora presently has an average rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora during the 2nd quarter valued at approximately $101,000. AXQ Capital LP bought a new position in Agora during the second quarter worth $55,000. Finally, Headlands Technologies LLC boosted its holdings in 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 period. 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.