Insider Buying: Agora (NASDAQ:API) CEO Acquires $39,817.44 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,217 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were acquired at an average price of $4.32 per share, with a total value of $39,817.44. Following the completion of the acquisition, the chief executive officer directly owned 2,023,720 shares in the company, valued at $8,742,470.40. This represents a 0.46% increase in their position. The acquisition 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 Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was acquired at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were acquired at an average cost of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were bought at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were bought at an average price of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average cost of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The stock was bought at an average cost of $4.14 per share, with a total value of $40,588.56.

Agora Stock Performance

NASDAQ API opened at $4.11 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The business has a fifty day moving average of $4.22 and a 200-day moving average of $4.07. The stock has a market cap of $358.89 million, a price-to-earnings ratio of 37.37 and a beta of 0.75.

Agora (NASDAQ:API) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS 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 analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agora

Hedge funds and other institutional investors have recently made changes to their positions in the business. AXQ Capital LP acquired a new position in Agora in the second quarter valued at $55,000. Public Employees Retirement System of Ohio purchased a new position in Agora during the second quarter worth about $101,000. Finally, Headlands Technologies LLC lifted its position in Agora by 25.8% during 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. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Analyst Upgrades and Downgrades

API has been the topic of several analyst reports. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America boosted their price objective on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.80.

Agora Company Profile

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.