Agora (NASDAQ:API) CEO Buys 8,800 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 8,800 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were bought at an average cost of $4.43 per share, with a total value of $38,984.00. Following the purchase, the chief executive officer owned 2,166,468 shares in the company, valued at approximately $9,597,453.24. The trade was a 0.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were bought at an average price of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The stock was bought at an average price 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 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 bought at an average price 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 shares were bought at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought 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 bought 9,065 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $37,257.15.

Agora Stock Performance

Shares of API opened at $4.35 on Monday. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The firm has a market capitalization of $379.84 million, a P/E ratio of 39.55 and a beta of 0.75. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $4.23 and its 200 day simple moving average is $4.09.

Agora (NASDAQ:API) last posted 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 firm had revenue of $40.42 million during 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, equities research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on API shares. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America lifted their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Agora presently has a consensus rating of “Hold” and an average target price of $6.80.

Institutional Investors Weigh In On Agora

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter valued at about $101,000. AXQ Capital LP purchased a new stake in shares of Agora during the 2nd quarter valued at about $55,000. Finally, Headlands Technologies LLC lifted its position 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 in the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

About Agora

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.