Agora (NASDAQ:API) CEO Bin Zhao Buys 8,989 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 8,989 shares of Agora stock in a transaction dated Thursday, October 22nd. The stock was purchased at an average cost of $4.40 per share, for a total transaction of $39,551.60. Following the completion of the purchase, the chief executive officer directly owned 2,204,735 shares in the company, valued at approximately $9,700,834. This represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were bought at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The shares were purchased at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The stock was acquired 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 acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average price of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were bought at an average cost of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were purchased at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were purchased at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was acquired at an average cost of $4.13 per share, with a total value of $40,626.81.

Agora Stock Performance

Shares of NASDAQ:API traded down $0.10 during trading on Thursday, reaching $4.39. 118,163 shares of the company’s stock traded hands, compared to its average volume of 139,069. The stock has a market capitalization of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The company has a 50 day moving average of $4.21 and a 200-day moving average of $4.12. 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 (NASDAQ:API) last issued its 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. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. On average, equities analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Agora

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC grew its holdings in Agora by 25.8% in 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. Public Employees Retirement System of Ohio acquired a new stake in Agora in the 2nd quarter valued at approximately $101,000. Finally, AXQ Capital LP acquired a new stake in Agora in the 2nd quarter valued at approximately $55,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America lifted their price objective on shares of Agora from $6.60 to $6.80 and gave the company 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 data from MarketBeat.com, Agora currently has an average rating of “Hold” and a consensus target price of $6.80.

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.