Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,699 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,699 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $4.33 per share, with a total value of $41,996.67. Following the completion of the acquisition, the chief executive officer directly owned 2,292,583 shares in the company, valued at approximately $9,926,884.39. This represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 6th, Bin Zhao purchased 8,966 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, with a total value of $37,657.20.
• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The shares were bought at an average price of $4.16 per share, for a total transaction of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The shares were bought at an average cost of $4.37 per share, for a total transaction of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was bought at an average cost of $4.38 per share, with a total value of $39,836.10.
• 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 acquired 9,549 shares of Agora stock. The shares were purchased 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 shares were 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 shares were 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 acquired at an average price of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was bought at an average price of $4.39 per share, with a total value of $43,772.69.

Agora Price Performance

Shares of API opened at $4.28 on Tuesday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The stock has a market cap of $373.73 million, a P/E ratio of 38.91 and a beta of 0.88. The stock’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $4.15.

Agora (NASDAQ:API) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating 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 business had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. On average, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on API shares. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research 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 note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Agora currently has a consensus rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Agora by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after buying an additional 18,000 shares during the period. Headlands Technologies LLC raised its position 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 buying an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Agora in the 2nd quarter valued at approximately $101,000. Finally, AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter valued at approximately $55,000. 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.