Agora (NASDAQ:API) CEO Bin Zhao Buys 9,906 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,906 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was acquired at an average cost of $4.42 per share, with a total value of $43,784.52. Following the acquisition, the chief executive officer owned 2,214,641 shares in the company, valued at $9,788,713.22. The trade was a 0.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $34,383.24.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were bought at an average cost of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The shares were bought at an average price of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The shares were bought at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was bought at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was bought at an average cost of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The stock was bought at an average price of $4.45 per share, with a total value of $38,025.25.
• 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 shares were bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, for a total transaction of $22,839.60.

Agora Stock Performance

NASDAQ:API opened at $4.49 on Wednesday. The stock’s fifty day moving average is $4.22 and its 200 day moving average is $4.16. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49.

Agora (NASDAQ:API) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. As a group, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Agora

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC lifted its position in shares of Agora by 25.8% during the second 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. AXQ Capital LP purchased a new stake in shares of Agora during the second quarter valued at $55,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter valued at $101,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

About Agora

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.