Agora (NASDAQ:API) CEO Purchases 9,133 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,133 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was purchased at an average price of $4.06 per share, for a total transaction of $37,079.98. Following the transaction, the chief executive officer owned 1,981,298 shares of the company’s stock, valued at approximately $8,044,069.88. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 purchased 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 shares were purchased at an average price 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 stock was purchased at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was purchased 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 stock was purchased 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 shares were acquired 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 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 shares were acquired at an average cost of $4.18 per share, with a total value 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 stock was acquired at an average price of $4.14 per share, with a total value of $40,588.56.

Agora Price Performance

Shares of NASDAQ API opened at $4.11 on Tuesday. The firm has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $4.07. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $358.89 million, a price-to-earnings ratio of 37.37 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49.

Agora (NASDAQ:API) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. On average, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Agora

Hedge funds and other institutional investors have recently modified their holdings of the stock. AXQ Capital LP purchased a new position in shares of Agora during the 2nd 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 grew its holdings 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. 40.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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