Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,757 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,757 shares of the stock in a transaction dated Wednesday, October 14th. The stock was acquired at an average price of $4.30 per share, with a total value of $41,955.10. Following the completion of the purchase, the chief executive officer owned 2,149,123 shares of the company’s stock, valued at $9,241,228.90. This represents a 0.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was bought at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was bought at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The shares were bought at an average price of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, for a total transaction of $38,860.60.

Agora Price Performance

API opened at $4.32 on Thursday. 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 current ratio of 5.11 and a quick ratio of 5.11. The company’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.08. The stock has a market capitalization of $377.21 million, a P/E ratio of 39.28 and a beta of 0.75.

Agora (NASDAQ:API) last issued its quarterly earnings results 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 net margin of 7.23% and a return on equity of 1.96%. The business had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Sell-side analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agora

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

More Agora News

Here are the key news stories impacting Agora this week:

• Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
• Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
• Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.

Wall Street Analysts Forecast Growth

API has been the topic of a number of recent research reports. Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.80.

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.