Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,834 shares of the stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $4.33 per share, for a total transaction of $42,581.22. Following the purchase, the chief executive officer directly owned 2,014,503 shares of the company’s stock, valued at $8,722,797.99. The trade was a 0.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $36,731.07.
- On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The stock was bought at an average price of $4.30 per share, with a total value of $41,955.10.
- On Tuesday, October 13th, Bin Zhao bought 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 purchased 5,301 shares of Agora stock. The shares were bought 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 bought at an average price 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 cost of $4.19 per share, for a total transaction of $40,948.87.
- On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was purchased at an average cost 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 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 shares were purchased at an average price of $4.13 per share, with a total value of $38,409.00.
Agora Price Performance
Agora stock opened at $4.50 on Friday. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The stock has a market cap of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. The company has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.09. 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 (NASDAQ:API – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million for 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%. Sell-side analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on API shares. Wall Street Zen downgraded 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 report on Friday, October 9th. Finally, Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.80.
Check Out Our Latest Stock Analysis on API
Hedge Funds Weigh In On Agora
A number of hedge funds have recently modified their holdings of API. Headlands Technologies LLC increased its position in shares of 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 purchasing an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Agora in the 2nd quarter valued at about $101,000. Finally, AXQ Capital LP purchased a new stake in Agora in the 2nd quarter valued at about $55,000. 40.40% of the stock is currently owned by hedge funds and other 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.
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