Agora (NASDAQ:API) CEO Purchases $21,628.08 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 5,301 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average cost of $4.08 per share, with a total value of $21,628.08. Following the completion of the acquisition, the chief executive officer owned 2,124,991 shares of the company’s stock, valued at approximately $8,669,963.28. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was purchased at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was purchased at an average cost 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 stock was purchased 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 purchased at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were purchased 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 purchased at an average price of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The shares were purchased at an average price of $4.22 per share, for a total transaction of $40,195.50.

Agora Trading Up 0.7%

Shares of Agora stock opened at $4.11 on Tuesday. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $4.22 and its 200-day simple moving average is $4.07. The firm has a market cap of $358.89 million, a price-to-earnings ratio of 37.37 and a beta of 0.75.

Agora (NASDAQ:API) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The firm had revenue of $40.42 million during 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 research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Agora

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC grew its stake in shares of 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 purchasing an additional 10,021 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the 2nd quarter valued at about $101,000. Finally, AXQ Capital LP purchased a new position in shares of Agora in the 2nd quarter valued at about $55,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on API. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America raised 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to 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.