Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,834 shares of Agora stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average cost of $4.33 per share, with a total value of $42,581.22. Following the completion of the purchase, the chief executive officer owned 2,014,503 shares in the company, valued at approximately $8,722,797.99. This represents a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was bought 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 stock was bought at an average price 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 bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
- On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were bought at an average cost of $4.19 per share, for a total transaction of $40,948.87.
- On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, with a total value of $40,600.34.
- On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were bought 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 stock was bought at an average price of $4.13 per share, with a total value of $38,409.00.
- On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The stock was bought at an average price of $4.18 per share, with a total value of $40,265.94.
- On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The stock was bought at an average cost 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 stock was bought at an average cost of $4.14 per share, for a total transaction of $40,588.56.
Agora Price Performance
NASDAQ API opened at $4.32 on Thursday. The stock’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $4.08. 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 company has a market cap of $377.22 million, a PE ratio of 39.28 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of API. Headlands Technologies LLC raised its position in Agora by 25.8% during the second 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. Public Employees Retirement System of Ohio purchased a new stake in Agora in the 2nd quarter worth about $101,000. Finally, AXQ Capital LP purchased a new stake in Agora in the 2nd quarter worth about $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on API. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Bank of America lifted 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.80.
Key Headlines Impacting Agora
Here are the key news stories impacting Agora this week:
- Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
- Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
- Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
- Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.
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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