Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,773 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,773 shares of Agora stock in a transaction on Tuesday, October 6th. The stock was acquired at an average cost of $4.19 per share, for a total transaction of $40,948.87. Following the acquisition, the chief executive officer owned 2,099,897 shares in the company, valued at approximately $8,798,568.43. This represents a 0.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were acquired at an average cost of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, with a total value of $40,626.81.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 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 bought 9,633 shares of Agora stock. The stock was acquired at an average price of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The shares were acquired at an average cost 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 acquired at an average cost of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The stock was bought at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Stock Down 2.3%

API stock opened at $4.32 on Thursday. The stock has a market capitalization of $377.22 million, a P/E ratio of 39.28 and a beta of 0.75. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The firm has a 50-day moving average price of $4.23 and a 200-day moving average price of $4.08.

Agora (NASDAQ:API) last posted 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 company 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%. As a group, equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Key Headlines Impacting Agora

Here are the key news stories impacting Agora this week:

• Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
• Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
• Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.

Hedge Funds Weigh In On Agora

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC raised its position in Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after purchasing an additional 10,021 shares during the last quarter. AXQ Capital LP acquired a new stake in shares of Agora during the second quarter valued at about $55,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Agora during the second quarter valued at about $101,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

About Agora

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.