Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,464 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,464 shares of the stock in a transaction dated Monday, November 9th. The stock was acquired at an average price of $4.29 per share, with a total value of $40,600.56. Following the completion of the purchase, the chief executive officer owned 2,311,013 shares of the company’s stock, valued at $9,914,245.77. This represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 11th, Bin Zhao purchased 8,420 shares of Agora stock. The stock was acquired at an average cost of $4.33 per share, with a total value of $36,458.60.
• On Tuesday, November 10th, Bin Zhao purchased 9,260 shares of Agora stock. The shares were bought at an average price of $4.30 per share, for a total transaction of $39,818.00.
• On Friday, November 6th, Bin Zhao purchased 8,966 shares of Agora stock. The shares were bought at an average price of $4.20 per share, for a total transaction of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The shares were bought at an average cost of $4.33 per share, for a total transaction of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The shares were bought at an average cost 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 stock was bought at an average price of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The stock was bought at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The stock was bought at an average cost of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $13,410.00.

Agora Price Performance

Shares of API stock opened at $4.09 on Friday. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The firm’s 50 day moving average is $4.24 and its 200-day moving average is $4.15. The firm has a market capitalization of $357.14 million, a price-to-earnings ratio of 37.19 and a beta of 0.88. 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 (NASDAQ:API) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Agora

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in 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. AXQ Capital LP bought a new position in Agora in the second quarter valued at approximately $55,000. Headlands Technologies LLC boosted its stake in Agora by 25.8% in the second 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 last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Agora during the 2nd quarter worth $101,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Wall Street Analysts Forecast Growth

API has been the topic of a number of recent research reports. Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One 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 presently has an average rating of “Hold” and a consensus target price of $6.80.

About Agora

Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.