Agora (NASDAQ:API) CEO Bin Zhao Buys 9,906 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,906 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was purchased at an average price of $4.42 per share, for a total transaction of $43,784.52. Following the completion of the acquisition, the chief executive officer owned 2,214,641 shares in the company, valued at approximately $9,788,713.22. This trade represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, with a total value of $34,383.24.
  • On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The shares were acquired at an average cost of $4.39 per share, with a total value of $43,772.69.
  • On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The stock was acquired at an average price of $4.40 per share, for a total transaction of $39,551.60.
  • On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The stock was acquired at an average price of $4.46 per share, for a total transaction of $42,427.98.
  • On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $42,701.84.
  • On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was bought at an average price of $4.43 per share, with a total value of $38,984.00.
  • On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The shares were purchased at an average price of $4.45 per share, for a total transaction of $38,025.25.
  • On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
  • On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was acquired at an average price of $4.30 per share, for a total transaction of $41,955.10.
  • On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $22,839.60.

Agora Trading Up 0.7%

API opened at $4.48 on Tuesday. The stock has a market capitalization of $391.19 million, a PE ratio of 40.73 and a beta of 0.75. The firm’s fifty day moving average price is $4.21 and its 200 day moving average price is $4.16. 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 12-month low of $3.14 and a 12-month high of $5.49.

Agora (NASDAQ:API – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. As a group, research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on API shares. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.80.

Check Out Our Latest Report on Agora

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AXQ Capital LP acquired a new position in shares of Agora in the second quarter worth $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the 2nd quarter valued at about $101,000. Finally, Headlands Technologies LLC raised its position in shares of 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 period. Institutional investors and hedge funds own 40.40% of the company’s stock.

Agora Company Profile

(Get Free Report)

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.

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