Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,837 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,837 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81. Following the completion of the purchase, the chief executive officer owned 2,109,734 shares in the company, valued at $8,713,201.42. This trade represents a 0.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was purchased at an average price of $4.08 per share, for a total transaction 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 Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was purchased at an average cost of $4.19 per share, with a total value 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, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were purchased at an average price of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 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 bought 9,633 shares of Agora stock. The shares were purchased at an average cost of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The stock was purchased at an average price of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The stock was acquired at an average cost of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The stock was acquired at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Stock Performance

Shares of API stock opened at $4.11 on Tuesday. The firm has a market capitalization of $358.89 million, a PE ratio of 37.37 and a beta of 0.75. The firm has a fifty day simple moving average of $4.22 and a two-hundred day simple moving average of $4.07. 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 released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. Analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Agora

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC boosted its holdings in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after acquiring an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the 2nd quarter worth $101,000. Finally, AXQ Capital LP purchased a new stake in shares of Agora in the second quarter valued at about $55,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on API. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Bank of America lifted their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.80.

Agora Company Profile

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.