Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,478 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,478 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average price of $4.37 per share, for a total transaction of $41,418.86. Following the completion of the acquisition, the chief executive officer owned 2,262,884 shares in the company, valued at approximately $9,888,803.08. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The shares were acquired at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The stock was purchased at an average cost of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The shares were acquired at an average cost of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was bought at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were acquired 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 bought 9,513 shares of Agora stock. The stock was purchased at an average price of $4.46 per share, with a total value of $42,427.98.

Agora Price Performance

Shares of API traded up $0.22 during mid-day trading on Wednesday, hitting $4.38. The company’s stock had a trading volume of 65,016 shares, compared to its average volume of 343,276. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The stock has a market capitalization of $382.46 million, a price-to-earnings ratio of 39.82 and a beta of 0.88. The firm has a 50-day moving average price of $4.22 and a 200 day moving average price of $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 announced its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. On average, research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on API. Bank of America increased their target price 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 note on Friday, October 9th. Finally, Wall Street Zen downgraded 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 data from MarketBeat.com, Agora currently has a consensus rating of “Hold” and a consensus price target of $6.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC grew its position in Agora by 25.8% in the second 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. Public Employees Retirement System of Ohio bought a new position in Agora during the second quarter worth about $101,000. Finally, AXQ Capital LP bought a new stake in shares of Agora during the 2nd quarter valued at $55,000. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Company Profile

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.