Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,549 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,549 shares of Agora stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average price of $4.47 per share, with a total value of $42,684.03. Following the completion of the acquisition, the chief executive officer owned 2,234,882 shares in the company, valued at $9,989,922.54. The trade was a 0.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was acquired at an average cost of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was 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 shares were acquired at an average cost 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 shares were acquired at an average cost of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The stock was purchased at an average cost of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were purchased at an average cost of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were purchased at an average price of $4.11 per share, with a total value of $36,731.07.

Agora Trading Down 0.2%

Shares of NASDAQ:API opened at $4.45 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $4.16. The company 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 52-week low of $3.14 and a 52-week high of $5.49.

Agora (NASDAQ:API) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $40.44 million. Equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

API has been the topic of several recent research reports. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Bank of America raised 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. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Agora has an average rating of “Hold” and a consensus target price of $6.80.

Hedge Funds Weigh In On Agora

Several institutional investors have recently modified their holdings of the stock. AXQ Capital LP bought a new stake in Agora in the 2nd quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new position in Agora during the second quarter worth $101,000. Finally, Headlands Technologies LLC grew its position in 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 purchasing an additional 10,021 shares in the last quarter. 40.40% of the stock is currently owned by institutional investors and hedge funds.

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.