Agora (NASDAQ:API) CEO Bin Zhao Purchases 3,000 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $13,410.00. Following the completion of the transaction, the chief executive officer directly owned 2,225,333 shares in the company, valued at $9,947,238.51. The trade was a 0.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, with a total value of $42,684.03.
  • On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased 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 purchased at an average price of $4.42 per share, for a total transaction of $43,784.52.
  • On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average price of $4.39 per share, for a total transaction of $43,772.69.
  • On Thursday, October 22nd, Bin Zhao purchased 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 purchased 9,513 shares of Agora stock. The shares were purchased at an average cost of $4.46 per share, with a total value of $42,427.98.
  • On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was purchased at an average price of $4.36 per share, with a total value of $42,701.84.
  • On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, with a total value of $38,984.00.
  • On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25.
  • On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.

Agora Stock Performance

Shares of API opened at $4.45 on Friday. The business’s fifty day simple moving average is $4.22 and its two-hundred day simple moving average is $4.16. 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, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The company has a market cap of $388.57 million, a price-to-earnings ratio of 40.46 and a beta of 0.75.

Agora (NASDAQ:API – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $40.44 million. Research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on API. Bank of America boosted their target price on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.80.

View Our Latest Analysis on Agora

Institutional Investors Weigh In On Agora

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in Agora during the 2nd quarter valued at $101,000. AXQ Capital LP purchased a new position in shares of Agora in the 2nd quarter worth $55,000. Finally, Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after buying an additional 10,021 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

About Agora

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

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