Agora (NASDAQ:API) Stock: Insider Bin Zhao Purchases 8,800 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 8,800 shares of the stock in a transaction on Friday, October 16th. The shares were bought at an average cost of $4.43 per share, for a total transaction of $38,984.00. Following the transaction, the chief executive officer directly owned 2,166,468 shares in the company, valued at approximately $9,597,453.24. The trade was a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were bought at an average price 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 bought at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was bought at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 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 bought 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 bought 9,837 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 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 purchased 9,713 shares of Agora stock. The shares were purchased at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $37,257.15.

Agora Stock Performance

Shares of API stock opened at $4.40 on Wednesday. The stock has a market cap of $384.21 million, a P/E ratio of 40.00 and a beta of 0.75. 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 has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.11. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49.

Agora (NASDAQ:API) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. As a group, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on API shares. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.80.

Hedge Funds Weigh In On Agora

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC increased its holdings in shares of 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. AXQ Capital LP bought a new position in shares of Agora in the second quarter valued at about $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Agora in the second quarter valued at about $101,000. 40.40% of the stock is owned by institutional investors.

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.