Agora (NASDAQ:API) CEO Acquires $36,458.60 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 8,420 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was acquired at an average price of $4.33 per share, for a total transaction of $36,458.60. Following the completion of the purchase, the chief executive officer directly owned 2,328,693 shares in the company, valued at approximately $10,083,240.69. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 10th, Bin Zhao purchased 9,260 shares of Agora stock. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $39,818.00.
• On Monday, November 9th, Bin Zhao bought 9,464 shares of Agora stock. The shares were bought at an average price of $4.29 per share, with a total value of $40,600.56.
• On Friday, November 6th, Bin Zhao purchased 8,966 shares of Agora stock. The stock was bought at an average cost of $4.20 per share, for a total transaction of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The shares were bought at an average cost of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The shares were purchased at an average price of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao purchased 9,478 shares of Agora stock. The stock was purchased 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 shares were acquired at an average cost of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was acquired at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The shares were acquired 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 price of $4.47 per share, with a total value of $13,410.00.

Agora Trading Up 0.5%

NASDAQ:API opened at $4.32 on Thursday. The company has a 50-day moving average price of $4.24 and a 200-day moving average price of $4.15. The stock has a market cap of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.88. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49.

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

Institutional Trading of Agora

Several institutional investors have recently added to or reduced their stakes in API. Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the 2nd quarter worth $101,000. Allspring Global Investments Holdings LLC boosted its position in shares of Agora by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after buying an additional 18,000 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Agora during the second quarter valued at $55,000. Finally, Headlands Technologies LLC increased its holdings in 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 buying an additional 10,021 shares in the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

API has been the subject of a number of recent research reports. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America raised their price objective on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.80.

About Agora

Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.