Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,956 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,956 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was acquired at an average cost of $4.06 per share, with a total value of $40,421.36. Following the acquisition, the chief executive officer owned 2,119,690 shares in the company, valued at $8,605,941.40. The trade was a 0.47% 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 Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were bought at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The stock was bought at an average price of $4.22 per share, with a total value of $40,195.50.

Agora Stock Down 2.3%

NASDAQ API opened at $4.32 on Thursday. 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 has a fifty day moving average of $4.23 and a two-hundred day moving average of $4.08. The firm has a market capitalization of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49.

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

Hedge Funds Weigh In On Agora

A number of large investors have recently bought and sold shares of API. Headlands Technologies LLC grew its position in Agora by 25.8% in the 2nd 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in Agora in the second quarter worth $101,000. Finally, AXQ Capital LP bought a new stake in shares of Agora during the second quarter worth $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Key Stories Impacting Agora

Here are the key news stories impacting Agora this week:

• Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
• Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
• Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.

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.