Agora (NASDAQ:API) CEO Bin Zhao Buys 9,260 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,260 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was bought at an average cost of $4.30 per share, for a total transaction of $39,818.00. Following the completion of the purchase, the chief executive officer directly owned 2,320,273 shares of the company’s stock, valued at $9,977,173.90. This represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 11th, Bin Zhao bought 8,420 shares of Agora stock. The shares were bought at an average price of $4.33 per share, with a total value of $36,458.60.
• On Monday, November 9th, Bin Zhao purchased 9,464 shares of Agora stock. The stock was bought at an average cost of $4.29 per share, with a total value of $40,600.56.
• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The shares were bought at an average price of $4.20 per share, for a total transaction of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The shares were bought at an average price of $4.33 per share, for a total transaction of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The shares were bought at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The shares were bought at an average cost of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The stock was bought at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The stock was bought 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 purchased at an average cost of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $13,410.00.

Agora Trading Down 5.3%

NASDAQ API opened at $4.09 on Friday. The stock’s 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $4.15. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $357.14 million, a price-to-earnings ratio of 37.19 and a beta of 0.88.

Agora (NASDAQ:API) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on API shares. 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 cut shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.80.

Institutional Trading of Agora

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in Agora by 1.0% during the third 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 period. AXQ Capital LP bought a new position in shares of Agora during the second quarter valued at about $55,000. Headlands Technologies LLC increased its holdings in shares of Agora by 25.8% in the second 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 period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the second quarter worth about $101,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Agora Company Profile

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.