Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 8,966 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 8,966 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $37,657.20. Following the transaction, the chief executive officer owned 2,301,549 shares of the company’s stock, valued at approximately $9,666,505.80. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was acquired at an average cost of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The stock was acquired at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The stock was acquired at an average price of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The shares were acquired at an average cost of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were bought at an average price 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 bought at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The shares were bought at an average price of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The stock was purchased at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were purchased at an average cost of $4.39 per share, with a total value of $43,772.69.

Agora Stock Performance

NASDAQ API opened at $4.30 on Wednesday. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. 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 $375.48 million, a PE ratio of 39.09 and a beta of 0.88. The company’s 50 day simple moving average is $4.23 and its two-hundred day simple moving average is $4.15.

Agora (NASDAQ:API) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (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 company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on API shares. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. 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, Bank of America lifted their price objective on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Agora currently has an average rating of “Hold” and a consensus target price of $6.80.

Institutional Investors Weigh In On Agora

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after acquiring an additional 18,000 shares during the last quarter. Headlands Technologies LLC increased its position in shares of 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 acquiring an additional 10,021 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the second quarter valued at about $101,000. Finally, AXQ Capital LP bought a new position in shares of Agora during the second quarter valued at about $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

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.