Agora (NASDAQ:API) CEO Purchases $40,600.56 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,464 shares of the stock in a transaction on Monday, November 9th. The stock was acquired at an average cost of $4.29 per share, for a total transaction of $40,600.56. Following the acquisition, the chief executive officer directly owned 2,311,013 shares in the company, valued at approximately $9,914,245.77. The trade was a 0.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 11th, Bin Zhao purchased 8,420 shares of Agora stock. The stock was acquired at an average cost of $4.33 per share, for a total transaction of $36,458.60.
• On Tuesday, November 10th, Bin Zhao purchased 9,260 shares of Agora stock. The shares were acquired at an average price of $4.30 per share, with a total value of $39,818.00.
• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, with a total value of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was bought at an average price of $4.33 per share, for a total transaction of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were bought at an average cost of $4.16 per share, for a total transaction of $41,600.00.
• On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average price of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was bought at an average cost of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was bought at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were bought at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were bought at an average cost of $4.47 per share, with a total value of $13,410.00.

Agora Stock Up 0.5%

NASDAQ API opened at $4.32 on Thursday. 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 firm has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $4.15. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The stock has a market cap of $377.22 million, a PE ratio of 39.28 and a beta of 0.88.

Agora (NASDAQ:API) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating 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 firm had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. On average, research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America boosted their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.80.

Institutional Investors Weigh In On Agora

Large investors have recently modified their holdings of the stock. AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter worth approximately $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter valued at $101,000. Headlands Technologies LLC lifted its holdings in Agora by 25.8% during 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after buying an additional 18,000 shares during the last quarter. 40.40% of the stock is currently owned by institutional investors.

About Agora

Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.