Agora (NASDAQ:API) CEO Bin Zhao Buys 8,545 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 8,545 shares of Agora stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average cost of $4.45 per share, for a total transaction of $38,025.25. Following the transaction, the chief executive officer directly owned 2,157,668 shares of the company’s stock, valued at $9,601,622.60. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The shares were bought at an average price of $4.43 per share, for a total transaction of $38,984.00.
• 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 acquired 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 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 bought 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were bought at an average price of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were bought at an average cost of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was bought at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was bought at an average price of $4.11 per share, for a total transaction of $37,257.15.

Agora Stock Up 0.5%

API stock opened at $4.37 on Tuesday. The company has a market cap of $381.59 million, a PE ratio of 39.73 and a beta of 0.75. The business has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.10. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.

Agora (NASDAQ:API) last posted 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. The business had revenue of $40.42 million during the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on API shares. Bank of America boosted their target price 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. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Agora currently has a consensus rating of “Hold” and an average price target of $6.80.

Hedge Funds Weigh In On Agora

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC raised its holdings 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 buying an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Agora during the 2nd quarter worth $101,000. Finally, AXQ Capital LP acquired a new stake in Agora in the second quarter valued at about $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

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.