Insider Buying: Agora (NASDAQ:API) CEO Acquires $40,600.34 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,713 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of $4.18 per share, for a total transaction of $40,600.34. Following the transaction, the chief executive officer directly owned 2,090,124 shares in the company, valued at approximately $8,736,718.32. This trade represents a 0.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The stock was purchased at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were purchased at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were purchased at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were purchased at an average cost of $4.19 per share, with a total value of $40,948.87.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Stock Performance

Shares of Agora stock opened at $4.50 on Friday. The business has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $4.09. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year 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 has a market cap of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75.

Agora (NASDAQ:API) last announced its quarterly earnings data 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. The company had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Agora

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the second quarter worth approximately $101,000. AXQ Capital LP bought a new position in shares of Agora in the 2nd quarter worth $55,000. Finally, Headlands Technologies LLC lifted 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 worth $195,000 after purchasing an additional 10,021 shares in the last quarter. Institutional investors own 40.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on API shares. 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. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.