Agora (NASDAQ:API) CEO Buys $13,410.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average price of $4.47 per share, for a total transaction of $13,410.00. Following the acquisition, the chief executive officer directly owned 2,225,333 shares in the company, valued at approximately $9,947,238.51. This trade represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The shares were acquired at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The stock was acquired at an average price of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The shares were bought at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was bought at an average price of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were bought 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 bought 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 bought at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao purchased 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, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $36,731.07.

Agora Stock Performance

Shares of API opened at $4.39 on Friday. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The stock has a market capitalization of $383.33 million, a PE ratio of 39.91 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. The stock has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $4.16.

Agora (NASDAQ:API) last released its earnings results 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. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. On average, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Agora

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC raised 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 worth $195,000 after acquiring an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Agora in the second quarter valued at approximately $101,000. Finally, AXQ Capital LP acquired a new position in Agora in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

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.