Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,633 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,633 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $4.18 per share, for a total transaction of $40,265.94. Following the completion of the purchase, the chief executive officer directly owned 2,062,046 shares in the company, valued at $8,619,352.28. The trade was a 0.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was acquired at an average cost 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 stock was bought at an average price of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, with a total value of $38,409.00.
• On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The stock was bought at an average price of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao acquired 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.
• On Friday, September 25th, Bin Zhao acquired 9,525 shares of Agora stock. The stock was bought at an average cost of $4.22 per share, for a total transaction of $40,195.50.

Agora Trading Up 0.7%

Shares of API opened at $4.11 on Tuesday. The stock’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.07. The stock has a market cap of $358.89 million, a PE ratio of 37.37 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 debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

Agora (NASDAQ:API) last posted its earnings results 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. Agora had a return on equity of 1.96% and a net margin of 7.23%. The business had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Equities analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agora

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in shares of Agora during the second quarter valued at about $55,000. Headlands Technologies LLC increased its position in shares of Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after acquiring an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter worth about $101,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. 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 note on Friday, August 14th. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.80.

Agora Company Profile

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.