Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,095 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were purchased at an average price of $4.38 per share, with a total value of $39,836.10. Following the completion of the acquisition, the chief executive officer owned 2,253,406 shares in the company, valued at approximately $9,869,918.28. The trade was a 0.41% increase in their ownership of the stock. The purchase 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 Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was purchased 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 shares were bought at an average price of $4.47 per share, for a total transaction of $42,684.03.
- On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
- On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The stock was bought at an average price of $4.47 per share, for a total transaction of $34,383.24.
- On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was bought at an average price 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 stock was acquired 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 shares were acquired at an average price of $4.40 per share, with a total value of $39,551.60.
- On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average cost of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The stock was purchased at an average price of $4.36 per share, for a total transaction of $42,701.84.
- On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, with a total value of $38,984.00.
Agora Price Performance
Shares of NASDAQ:API opened at $4.39 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current 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 firm’s fifty day moving average is $4.22 and its 200-day moving average is $4.16. The firm has a market cap of $383.33 million, a PE ratio of 39.91 and a beta of 0.88.
Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million for 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.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. AXQ Capital LP acquired a new stake in Agora during the 2nd quarter worth about $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter valued at approximately $101,000. Finally, Headlands Technologies LLC increased its holdings in shares of 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 acquiring an additional 10,021 shares during the period. 40.40% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
API has been the subject of several analyst reports. Bank of America raised their price target 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. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.80.
Read Our Latest Analysis on Agora
Agora Company Profile
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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