Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,794 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,794 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was bought at an average price of $4.36 per share, with a total value of $42,701.84. Following the purchase, the chief executive officer directly owned 2,186,233 shares of the company’s stock, valued at $9,531,975.88. This represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were purchased 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 cost of $4.46 per share, with a total value of $42,427.98.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was purchased 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 purchased at an average cost 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 purchased at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were purchased at an average price 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 purchased at an average cost of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were purchased at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was purchased at an average price of $4.06 per share, with a total value of $40,421.36.

Agora Price Performance

Shares of NASDAQ API opened at $4.45 on Friday. The stock has a market cap of $388.57 million, a P/E ratio of 40.46 and a beta of 0.75. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The stock has a 50 day moving average of $4.21 and a two-hundred day moving average of $4.12. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of API. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter worth approximately $101,000. AXQ Capital LP acquired a new stake in shares of Agora during the second quarter worth $55,000. Finally, 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 buying an additional 10,021 shares during the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

Analyst Upgrades and Downgrades

API has been the topic of several research reports. 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 report on Friday, August 14th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.