Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,300 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,300 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average price of $4.13 per share, for a total transaction of $38,409.00. Following the completion of the transaction, the chief executive officer directly owned 2,071,346 shares in the company, valued at approximately $8,554,658.98. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 bought at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average price of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average price of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was bought at an average price of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The stock was 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 purchased at an average cost of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The shares were purchased at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Stock Up 0.7%

Agora stock opened at $4.11 on Tuesday. The company has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $4.07. The firm has a market capitalization of $358.89 million, a P/E ratio of 37.37 and a beta of 0.75. 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 one year low of $3.14 and a one year high of $5.49.

Agora (NASDAQ:API) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. As a group, equities analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in API. Headlands Technologies LLC grew its stake 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 in the last quarter. AXQ Capital LP acquired a new position in shares of Agora during the second quarter valued at $55,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora during the second quarter valued at about $101,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Analysts Set New Price Targets

API has been the subject of several recent analyst reports. 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 lifted their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.