Agora (NASDAQ:API) Stock: Insider Bin Zhao Purchases 9,478 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,478 shares of the stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $4.37 per share, with a total value of $41,418.86. Following the transaction, the chief executive officer directly owned 2,262,884 shares of the company’s stock, valued at $9,888,803.08. The trade was a 0.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The stock was acquired at an average price of $4.16 per share, for a total transaction of $41,600.00.
• On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The stock was acquired at an average price of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were acquired at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The shares were bought at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were bought 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 stock was bought at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The stock was bought at an average cost of $4.46 per share, with a total value of $42,427.98.

Agora Stock Performance

NASDAQ API opened at $4.23 on Friday. The company has a market cap of $369.36 million, a P/E ratio of 38.46 and a beta of 0.88. 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 moving average price is $4.22 and its 200-day moving average price is $4.15. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49.

Agora (NASDAQ:API) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Sell-side analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on API shares. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report 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 increased their price objective 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Agora currently has a consensus rating of “Hold” and an average price target of $6.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after buying an additional 18,000 shares during the period. AXQ Capital LP purchased a new stake in Agora in the 2nd quarter valued at about $55,000. Headlands Technologies LLC boosted its position in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Agora in the 2nd quarter worth about $101,000. 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.