Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,633 Shares

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

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 bought at an average price 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 stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The stock was bought at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The stock was bought at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, for a total transaction of $38,409.00.
• On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The stock was bought at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Trading Down 2.3%

NASDAQ API opened at $4.32 on Thursday. The company has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $4.08. The stock has a market cap of $377.22 million, a P/E ratio of 39.28 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 current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18.

Agora (NASDAQ:API) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. On average, analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on API. Bank of America lifted their price target on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One 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.

Agora News Summary

Here are the key news stories impacting Agora this week:

• Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
• Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
• Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.

Hedge Funds Weigh In On Agora

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC raised its position in Agora by 25.8% during 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora in the 2nd quarter valued at $101,000. Finally, AXQ Capital LP purchased a new stake in shares of Agora in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

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.