Agora (NASDAQ:API) Stock: Insider Bin Zhao Purchases 6,000 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 6,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was bought at an average price of $4.03 per share, for a total transaction of $24,180.00. Following the completion of the acquisition, the chief executive officer owned 1,987,298 shares in the company, valued at approximately $8,008,810.94. The trade was a 0.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was bought at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was bought at an average price 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 bought at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The shares were bought 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 purchased at an average price of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $40,588.56.

Agora Stock Down 2.3%

Shares of NASDAQ:API opened at $4.32 on Thursday. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The firm’s 50 day moving average price is $4.23 and its 200 day moving average price is $4.08. 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 cap of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.75.

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. Agora had a net margin of 7.23% and a return on equity of 1.96%. The company had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. As a group, equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agora

Several large investors have recently modified their holdings of the company. AXQ Capital LP purchased a new position in shares of Agora during the second quarter worth approximately $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora in the 2nd quarter valued at $101,000. Finally, Headlands Technologies LLC raised its position in Agora by 25.8% in the 2nd 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. 40.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America upped their target price 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, 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.80.

Agora News Summary

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.

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.