Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,429 shares of the stock in a transaction dated Thursday, October 29th. The shares were acquired at an average cost of $4.45 per share, for a total transaction of $41,959.05. Following the completion of the acquisition, the chief executive officer directly owned 2,244,311 shares of the company’s stock, valued at approximately $9,987,183.95. This trade represents a 0.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The shares were acquired at an average price of $4.38 per share, with a total value of $39,836.10.
- On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $42,684.03.
- On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $13,410.00.
- On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, with a total value of $34,383.24.
- On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The shares were acquired at an average price of $4.42 per share, for a total transaction of $43,784.52.
- On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average price of $4.39 per share, with a total value of $43,772.69.
- On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was purchased at an average price of $4.40 per share, for a total transaction of $39,551.60.
- On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The stock was acquired at an average cost of $4.46 per share, for a total transaction of $42,427.98.
- On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.
Agora Stock Performance
NASDAQ API opened at $4.39 on Monday. 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. The business has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $4.16. The firm has a market capitalization of $383.33 million, a P/E ratio of 39.91 and a beta of 0.88.
Agora (NASDAQ:API – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. On average, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently commented on API. Wall Street Zen lowered 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 research note on Friday, October 9th. Finally, Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.80.
Read Our Latest Research Report on Agora
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC lifted its position in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Agora in the 2nd quarter worth $101,000. Finally, AXQ Capital LP purchased a new position in shares of Agora in the second quarter valued at about $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.
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.
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