Agora (NASDAQ:API) Stock: Insider Bin Zhao Purchases 9,095 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,095 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $4.38 per share, for a total transaction of $39,836.10. Following the acquisition, the chief executive officer directly owned 2,253,406 shares of the company’s stock, valued at $9,869,918.28. The trade was a 0.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was acquired at an average price of $4.45 per share, with a total value of $41,959.05.
  • On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $42,684.03.
  • On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was purchased 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 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 purchased 9,906 shares of Agora stock. The shares were purchased at an average price 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 stock was purchased at an average price of $4.39 per share, with a total value of $43,772.69.
  • On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The shares were bought at an average cost 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 price 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 acquired at an average price of $4.36 per share, with a total value of $42,701.84.
  • On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were purchased at an average cost of $4.43 per share, with a total value of $38,984.00.

Agora Price Performance

Shares of NASDAQ:API opened at $4.39 on Monday. 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 company’s fifty day moving average is $4.22 and its two-hundred day moving average is $4.16. The stock has a market capitalization of $383.33 million, a price-to-earnings ratio of 39.91 and a beta of 0.88. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.

Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings results 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. The business had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Equities analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on API

Institutional Trading of Agora

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC grew its holdings 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 in the last quarter. AXQ Capital LP purchased a new position in Agora during the 2nd quarter worth $55,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Agora during the 2nd quarter worth $101,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

(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.

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