Insider Buying: Agora (NASDAQ:API) CEO Purchases 14,559 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 14,559 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of $3.98 per share, for a total transaction of $57,944.82. Following the completion of the purchase, the chief executive officer owned 1,972,165 shares in the company, valued at $7,849,216.70. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were purchased at an average cost of $4.08 per share, for a total transaction of $21,628.08.
  • On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, with a total value of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao bought 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 bought 9,713 shares of Agora stock. The stock was acquired at an average price of $4.18 per share, for a total transaction of $40,600.34.
  • On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $37,257.15.
  • On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $4.18 per share, for a total transaction of $40,265.94.
  • On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, with a total value of $38,860.60.
  • On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The shares were bought at an average cost of $4.14 per share, for a total transaction of $40,588.56.

Agora Stock Performance

Shares of API stock opened at $4.11 on Tuesday. The firm has a 50-day moving average of $4.22 and a 200-day moving average of $4.07. The company has a market cap of $358.89 million, a P/E ratio of 37.37 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49.

Agora (NASDAQ:API – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share 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 business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Equities research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.80.

View Our Latest Analysis on Agora

Institutional Investors Weigh In On Agora

Several hedge funds have recently added to or reduced their stakes in API. AXQ Capital LP purchased a new position in shares of Agora during the 2nd quarter valued at about $55,000. Headlands Technologies LLC lifted its position in Agora by 25.8% in 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 during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Agora in the second quarter worth approximately $101,000. Institutional investors own 40.40% of the company’s stock.

About Agora

(Get Free Report)

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.

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