Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,549 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was bought at an average cost of $4.47 per share, for a total transaction of $42,684.03. Following the acquisition, the chief executive officer directly owned 2,234,882 shares in the company, valued at approximately $9,989,922.54. The trade was a 0.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Bin Zhao also recently made the following trade(s):
- On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were bought at an average cost of $4.47 per share, with a total value of $13,410.00.
- On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $34,383.24.
- On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The shares were purchased at an average cost of $4.42 per share, with a total value of $43,784.52.
- On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average cost of $4.39 per share, with a total value of $43,772.69.
- On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The shares were acquired at an average cost 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 price of $4.46 per share, with a total value 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 purchased 8,800 shares of Agora stock. The shares were acquired 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 bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
- On Monday, October 12th, Bin Zhao bought 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.
Agora Price Performance
API opened at $4.39 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The stock’s 50 day simple moving average is $4.22 and its 200 day simple moving average is $4.16. The firm has a market cap of $383.33 million, a price-to-earnings ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49.
Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating 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 analyst estimates of $40.44 million. As a group, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Institutional Investors Weigh In On Agora
Large investors have recently added to or reduced their stakes in the stock. AXQ Capital LP bought a new position in shares of Agora during the 2nd quarter valued at $55,000. Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% in 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 during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the 2nd quarter worth $101,000. Institutional investors own 40.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on API. 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 raised their target price 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.80.
View Our Latest Analysis on Agora
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.
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