Agora (NASDAQ:API) CEO Bin Zhao Purchases 5,301 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 5,301 shares of Agora stock in a transaction that occurred on Friday, October 9th. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08. Following the completion of the transaction, the chief executive officer directly owned 2,124,991 shares in the company, valued at $8,669,963.28. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was acquired at an average cost of $4.13 per share, with a total value 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 price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were bought at an average price of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were bought at an average price of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The stock was bought at an average cost of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was bought at an average price of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The stock was bought at an average price of $4.22 per share, with a total value of $40,195.50.

Agora Stock Up 7.5%

NASDAQ:API opened at $4.42 on Wednesday. The company has a market cap of $385.95 million, a PE ratio of 40.19 and a beta of 0.75. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve 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 company’s 50 day moving average is $4.22 and its two-hundred day moving average is $4.07.

Agora (NASDAQ:API) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

API has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Bank of America raised their target price on 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 lowered 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 assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.80.

Key Agora News

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Hedge Funds Weigh In On Agora

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

About Agora

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.