Agora (NASDAQ:API) CEO Bin Zhao Buys 9,804 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,804 shares of Agora stock in a transaction dated Monday, September 28th. The stock was acquired at an average price of $4.14 per share, for a total transaction of $40,588.56. Following the completion of the acquisition, the chief executive officer owned 2,043,049 shares of the company’s stock, valued at approximately $8,458,222.86. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 acquired 9,956 shares of Agora stock. The shares were acquired 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 shares were acquired at an average price 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 acquired at an average cost of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was acquired at an average cost 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 bought 9,300 shares of Agora stock. The stock was acquired at an average price 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 price 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 price of $4.15 per share, with a total value of $38,860.60.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The shares were bought at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Stock Up 7.5%

Shares of API opened at $4.42 on Wednesday. The firm has a fifty day moving average price of $4.22 and a 200-day moving average price of $4.07. 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 capitalization of $385.95 million, a P/E ratio of 40.19 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49.

Agora (NASDAQ:API) last posted 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. 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%. Equities research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Agora

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in shares of 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 period. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter worth $101,000. Finally, AXQ Capital LP bought a new position in shares of Agora during the 2nd quarter worth $55,000. 40.40% of the stock is owned by institutional investors.

Key Headlines Impacting Agora

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Wall Street Analyst Weigh In

A number of brokerages have commented on API. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. 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 report on Friday, August 14th. Finally, Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Agora has an average rating of “Hold” and a consensus price target of $6.80.

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.