Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,971 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,971 shares of the firm’s stock in a transaction dated Monday, October 19th. The shares were acquired at an average price of $4.39 per share, with a total value of $43,772.69. Following the acquisition, the chief executive officer owned 2,176,439 shares in the company, valued at approximately $9,554,567.21. The trade was a 0.46% increase in their position. The purchase 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 Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was acquired at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were acquired at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The shares were bought 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 stock was bought at an average cost of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were bought at an average price of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average cost of $4.30 per share, for a total transaction 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, for a total transaction 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, 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.

Agora Price Performance

Shares of API opened at $4.45 on Friday. The business’s 50-day moving average is $4.21 and its two-hundred day moving average is $4.12. The company has a market capitalization of $388.57 million, a P/E ratio of 40.46 and a beta of 0.75. 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 fifty-two week low of $3.14 and a fifty-two week high of $5.49.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Agora

A number of large investors have recently added to or reduced their stakes in API. Headlands Technologies LLC increased its stake 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the second quarter valued at approximately $101,000. Finally, AXQ Capital LP purchased a new position in shares of Agora in the second quarter valued at approximately $55,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

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.