Agora (NASDAQ:API) CEO Purchases $38,409.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,300 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $38,409.00. Following the completion of the purchase, the chief executive officer directly owned 2,071,346 shares of the company’s stock, valued at approximately $8,554,658.98. The trade was a 0.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The stock was purchased at an average price of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The stock was purchased at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 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 purchased 9,837 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The shares were acquired at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were acquired at an average cost of $4.18 per share, with a total value of $40,265.94.

Agora Trading Up 4.2%

Shares of API opened at $4.50 on Friday. The stock has a fifty day moving average price of $4.23 and a two-hundred day moving average price of $4.09. 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 company has a market cap of $392.94 million, a price-to-earnings ratio of 40.91 and a beta of 0.75.

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

Institutional Trading of Agora

A number of hedge funds and other institutional investors have recently modified their holdings of API. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter valued at approximately $101,000. AXQ Capital LP bought a new position in Agora in the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC raised its position in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares during the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on API shares. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. 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 report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.