Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,757 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $41,955.10. Following the completion of the purchase, the chief executive officer directly owned 2,149,123 shares of the company’s stock, valued at approximately $9,241,228.90. This represents a 0.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Bin Zhao also recently made the following trade(s):
- On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were purchased at an average price of $4.11 per share, for a total transaction of $36,731.07.
- On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was 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 price of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
- On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $40,626.81.
- On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was acquired at an average price of $4.19 per share, with a total value of $40,948.87.
- On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was acquired at an average price of $4.18 per share, with a total value of $40,600.34.
- On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, with a total value of $37,257.15.
- On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, for a total transaction of $40,265.94.
Agora Trading Down 3.3%
Shares of Agora stock traded down $0.15 during trading on Friday, hitting $4.35. The company’s stock had a trading volume of 129,334 shares, compared to its average volume of 165,952. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49. The stock has a market cap of $379.84 million, a price-to-earnings ratio of 39.55 and a beta of 0.75. The stock has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $4.09.
Agora (NASDAQ:API – Get Free Report) last announced its 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 business had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on API. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America upped their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Agora presently has an average rating of “Hold” and an average price target of $6.80.
View Our Latest Analysis on Agora
Institutional Investors Weigh In On Agora
A number of hedge funds have recently added to or reduced their stakes in API. AXQ Capital LP acquired a new position in Agora in the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter worth approximately $101,000. Finally, Headlands Technologies LLC boosted its holdings 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 buying an additional 10,021 shares in the last quarter. 40.40% of the stock is currently owned by institutional investors.
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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