Agora (NASDAQ:API) CEO Bin Zhao Acquires 8,420 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 8,420 shares of the stock in a transaction dated Wednesday, November 11th. The stock was acquired at an average cost of $4.33 per share, with a total value of $36,458.60. Following the transaction, the chief executive officer directly owned 2,328,693 shares in the company, valued at approximately $10,083,240.69. This trade represents a 0.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 10th, Bin Zhao acquired 9,260 shares of Agora stock. The shares were acquired at an average price of $4.30 per share, for a total transaction of $39,818.00.
• On Monday, November 9th, Bin Zhao acquired 9,464 shares of Agora stock. The shares were acquired at an average cost of $4.29 per share, for a total transaction of $40,600.56.
• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The stock was acquired at an average cost of $4.20 per share, with a total value of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was acquired at an average cost of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were bought at an average price of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average price 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 shares were bought at an average cost of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were bought at an average cost of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was bought at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $13,410.00.

Agora Trading Down 5.3%

API opened at $4.09 on Friday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The firm has a market cap of $357.14 million, a price-to-earnings ratio of 37.19 and a beta of 0.88. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The stock has a fifty day moving average price of $4.24 and a 200-day moving average price of $4.15.

Agora (NASDAQ:API) last issued its quarterly earnings data 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. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. As a group, equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agora

Several institutional investors and hedge funds have recently bought and sold shares of API. AXQ Capital LP acquired a new position in shares of Agora during the second quarter worth $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the 2nd quarter worth $101,000. Headlands Technologies LLC grew its stake in Agora by 25.8% during 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, Allspring Global Investments Holdings LLC increased its position in Agora by 1.0% during the 3rd 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 in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Agora

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.