Agora (NASDAQ:API) CEO Purchases $34,383.24 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 7,692 shares of the stock in a transaction dated Monday, October 26th. The shares were bought at an average cost of $4.47 per share, with a total value of $34,383.24. Following the completion of the purchase, the chief executive officer directly owned 2,222,333 shares of the company’s stock, valued at approximately $9,933,828.51. This trade represents a 0.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were bought at an average price of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $13,410.00.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was bought at an average price of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were bought at an average cost of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was purchased at an average cost of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were purchased at an average cost of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were purchased 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 stock was purchased at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.

Agora Trading Down 0.2%

NASDAQ API opened at $4.45 on Friday. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $388.57 million, a price-to-earnings ratio of 40.46 and a beta of 0.75. The company’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $4.16.

Agora (NASDAQ:API) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping 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 firm had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. Equities analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Trading of Agora

A number of institutional investors and hedge funds have recently added to or reduced their stakes in API. Headlands Technologies LLC lifted its holdings 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 purchasing an additional 10,021 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Agora in the second quarter valued at approximately $101,000. Finally, AXQ Capital LP purchased a new stake in Agora in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Bank of America upped their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. One investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.80.

About Agora

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.