Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,906 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,906 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average cost of $4.42 per share, with a total value of $43,784.52. Following the transaction, the chief executive officer directly owned 2,214,641 shares in the company, valued at $9,788,713.22. The trade was a 0.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $34,383.24.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was acquired at an average cost of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The stock was acquired at an average cost of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The shares were acquired at an average price 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 acquired at an average price of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was acquired at an average cost 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 acquired at an average cost of $4.45 per share, with a total value 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, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The shares were bought at an average cost of $4.20 per share, for a total transaction of $22,839.60.

Agora Price Performance

NASDAQ:API opened at $4.46 on Thursday. The stock has a market cap of $389.45 million, a P/E ratio of 40.55 and a beta of 0.75. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The company has a fifty day moving average price of $4.22 and a 200 day moving average price of $4.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

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 firm had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

API has been the topic of a number of recent research reports. Bank of America lifted their target price on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Agora currently has an average rating of “Hold” and a consensus price target of $6.80.

Hedge Funds Weigh In On Agora

A number of hedge funds have recently made changes to their positions in API. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter worth about $101,000. AXQ Capital LP acquired a new stake in shares of Agora during the 2nd quarter valued at about $55,000. Finally, Headlands Technologies LLC increased its stake 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 acquiring an additional 10,021 shares during the period. 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.