Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 10,000 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were purchased at an average cost of $4.16 per share, for a total transaction of $41,600.00. Following the transaction, the chief executive officer directly owned 2,272,884 shares in the company, valued at approximately $9,455,197.44. The trade was a 0.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, November 2nd, Bin Zhao purchased 9,478 shares of Agora stock. The shares were purchased at an average price of $4.37 per share, with a total value of $41,418.86.
• 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 acquired 9,429 shares of Agora stock. The stock was purchased at an average cost of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were acquired at an average cost of $4.47 per share, for a total transaction 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, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The shares were acquired at an average price of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The shares were acquired at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was acquired at an average price of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The stock was acquired at an average cost of $4.46 per share, for a total transaction of $42,427.98.

Agora Stock Performance

NASDAQ API opened at $4.23 on Friday. The firm has a market cap of $369.36 million, a P/E ratio of 38.46 and a beta of 0.88. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $4.22 and its 200-day moving average is $4.15. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49.

Agora (NASDAQ:API) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.22. The company had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Sell-side analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Trading of Agora

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora in the 2nd quarter worth about $101,000. Allspring Global Investments Holdings LLC lifted its position in Agora by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after acquiring an additional 18,000 shares during the period. AXQ Capital LP purchased a new position in Agora during the 2nd quarter valued at about $55,000. Finally, Headlands Technologies LLC boosted its stake in 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 acquiring an additional 10,021 shares in the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.