Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,549 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average price of $4.47 per share, with a total value of $42,684.03. Following the purchase, the chief executive officer owned 2,234,882 shares in the company, valued at $9,989,922.54. This trade represents a 0.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was acquired at an average price of $4.47 per share, with a total value of $13,410.00.
- On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $34,383.24.
- On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The shares were bought at an average price of $4.42 per share, for a total transaction of $43,784.52.
- On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were bought at an average cost of $4.39 per share, for a total transaction of $43,772.69.
- On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The stock was bought at an average price of $4.40 per share, with a total value of $39,551.60.
- On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The stock was bought at an average price of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was bought at an average price of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The shares were bought at an average cost of $4.43 per share, for a total transaction of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
- On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, with a total value of $36,731.07.
Agora Trading Down 0.7%
Shares of Agora stock opened at $4.46 on Thursday. The company has a 50-day moving average of $4.22 and a two-hundred day moving average of $4.16. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market cap of $389.45 million, a PE ratio of 40.55 and a beta of 0.75.
Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings results 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. Agora had a return on equity of 1.96% and a net margin of 7.23%. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. On average, research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on API shares. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America lifted their target price on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.80.
Get Our Latest Stock Report on Agora
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in shares of Agora during the second quarter worth about $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the 2nd quarter worth $101,000. Finally, Headlands Technologies LLC grew its position 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. Institutional investors and hedge funds own 40.40% of the company’s stock.
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.
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