Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,713 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,713 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was purchased at an average cost of $4.18 per share, with a total value of $40,600.34. Following the completion of the transaction, the chief executive officer directly owned 2,090,124 shares of the company’s stock, valued at approximately $8,736,718.32. The trade was a 0.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, October 9th, Bin Zhao bought 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 purchased 9,956 shares of Agora stock. The shares were purchased at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, with a total value of $40,948.87.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The stock was purchased at an average cost of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 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.
• On Tuesday, September 29th, Bin Zhao acquired 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 acquired 9,804 shares of Agora stock. The stock was purchased at an average price of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao acquired 9,525 shares of Agora stock. The shares were acquired at an average cost of $4.22 per share, for a total transaction of $40,195.50.

Agora Price Performance

NASDAQ API opened at $4.42 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The company has a market cap of $385.95 million, a PE ratio of 40.19 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49. The firm’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $4.07.

Agora (NASDAQ:API) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Key Agora News

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Analyst Upgrades and Downgrades

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

Institutional Trading of Agora

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AXQ Capital LP purchased a new stake in Agora during the 2nd quarter worth about $55,000. Headlands Technologies LLC boosted its stake 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 purchasing an additional 10,021 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Agora in the 2nd quarter worth about $101,000. 40.40% of the stock is currently owned by institutional investors.

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.