Agora (NASDAQ:API) CEO Bin Zhao Acquires 8,989 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 8,989 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average cost of $4.40 per share, for a total transaction of $39,551.60. Following the purchase, the chief executive officer owned 2,204,735 shares in the company, valued at $9,700,834. This represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The shares were purchased at an average price of $4.39 per share, with a total value of $43,772.69.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average cost of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was purchased at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were acquired at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were acquired at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was acquired at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was acquired at an average price of $4.06 per share, with a total value of $40,421.36.

Agora Price Performance

Shares of API opened at $4.39 on Friday. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The firm’s 50 day moving average price is $4.21 and its 200 day moving average price is $4.12. The company has a market cap of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.

Agora (NASDAQ:API) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping 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 company had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. On average, research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Agora

A number of large investors have recently made changes to their positions in API. Headlands Technologies LLC increased its stake 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 buying an additional 10,021 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Agora during the 2nd quarter worth approximately $101,000. Finally, AXQ Capital LP acquired a new position in Agora during the 2nd quarter worth approximately $55,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on API shares. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America lifted their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.80.

Agora Company Profile

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.