Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 8,937 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were purchased at an average price of $4.11 per share, with a total value of $36,731.07. Following the completion of the acquisition, the chief executive officer directly owned 2,133,928 shares in the company, valued at $8,770,444.08. The trade was a 0.42% increase in their ownership of the stock. The purchase 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 Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were purchased at an average cost of $4.30 per share, with a total value of $41,955.10.
- On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were purchased 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $4.06 per share, for a total transaction of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, for a total transaction of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was purchased at an average price 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 shares were 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 shares were purchased at an average cost 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 price of $4.13 per share, with a total value of $38,409.00.
- On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,265.94.
Agora Trading Down 3.3%
Shares of NASDAQ API traded down $0.15 during trading hours on Friday, hitting $4.35. The company’s stock had a trading volume of 129,334 shares, compared to its average volume of 165,952. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a market cap of $379.84 million, a price-to-earnings ratio of 39.55 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The business has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.09.
Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 return on equity of 1.96% and a net margin of 7.23%. On average, analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in API. AXQ Capital LP purchased a new stake in shares of Agora in the 2nd quarter worth about $55,000. Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after purchasing an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora during the 2nd quarter valued at about $101,000. 40.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on API shares. Wall Street Zen lowered 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 research note on Friday, October 9th. Finally, Bank of America upped their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.80.
Get Our Latest Stock Report on Agora
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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