Insider Buying: Agora (NASDAQ:API) CEO Purchases $22,839.60 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 5,438 shares of the stock in a transaction on Tuesday, October 13th. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $22,839.60. Following the acquisition, the chief executive officer directly owned 2,139,366 shares of the company’s stock, valued at approximately $8,985,337.20. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, with a total value of $36,731.07.
  • On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was purchased at an average price of $4.30 per share, with a total value of $41,955.10.
  • On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was purchased at an average cost of $4.08 per share, with a total value of $21,628.08.
  • On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was purchased at an average cost of $4.13 per share, with a total value of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, for a total transaction of $40,948.87.
  • On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, for a total transaction of $40,600.34.
  • On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were purchased at an average price of $4.11 per share, for a total transaction of $37,257.15.
  • On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, for a total transaction of $38,409.00.
  • On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, with a total value of $40,265.94.

Agora Trading Down 3.3%

Shares of Agora stock opened at $4.35 on Friday. The company has a market capitalization of $379.84 million, a P/E ratio of 39.55 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 company has a fifty day moving average of $4.23 and a 200 day moving average of $4.09. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49.

Agora (NASDAQ:API – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The business had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. On average, sell-side analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agora

Large investors have recently made changes to their positions in the company. AXQ Capital LP purchased a new stake in shares of Agora in the second quarter worth about $55,000. Headlands Technologies LLC lifted its position in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after buying an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Agora during the second quarter valued at approximately $101,000. 40.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on API. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Bank of America lifted their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.80.

View Our Latest Analysis on API

About Agora

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

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