Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,699 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,699 shares of Agora stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $4.33 per share, for a total transaction of $41,996.67. Following the purchase, the chief executive officer owned 2,292,583 shares of the company’s stock, valued at $9,926,884.39. The trade was a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The stock was bought at an average price of $4.20 per share, with a total value of $37,657.20.
• On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were bought at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average cost of $4.37 per share, for a total transaction of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was bought at an average price of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was bought at an average cost of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were bought at an average price of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was bought at an average price of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The shares were purchased at an average cost of $4.39 per share, with a total value of $43,772.69.

Agora Price Performance

Agora stock opened at $4.20 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The firm has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.15. The firm has a market cap of $366.74 million, a price-to-earnings ratio of 38.19 and a beta of 0.88.

Agora (NASDAQ:API) last posted 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. Agora had a net margin of 7.23% and a return on equity of 1.96%. The company had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

API has been the topic of several research analyst reports. Bank of America upped their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded 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 research note 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. Based on data from MarketBeat.com, Agora currently has an average rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

Several hedge funds and other institutional investors have recently bought and sold shares of API. Allspring Global Investments Holdings LLC boosted its position in shares of Agora by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after purchasing an additional 18,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Agora during the 2nd quarter worth approximately $101,000. AXQ Capital LP bought a new position in Agora in the second quarter worth approximately $55,000. Finally, Headlands Technologies LLC boosted its holdings in 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 acquiring an additional 10,021 shares in the last quarter. 40.40% of the stock is owned by institutional investors.

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.