Agora (NASDAQ:API) CEO Acquires 9,794 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,794 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average price of $4.36 per share, for a total transaction of $42,701.84. Following the completion of the transaction, the chief executive officer owned 2,186,233 shares in the company, valued at approximately $9,531,975.88. The trade was a 0.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were acquired at an average cost of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were acquired at an average price of $4.46 per share, with a total value of $42,427.98.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The stock was acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was bought at an average price of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average cost of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 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 stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 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.

Agora Trading Down 2.2%

Shares of NASDAQ API traded down $0.10 during midday trading on Thursday, hitting $4.39. 118,163 shares of the company traded hands, compared to its average volume of 139,069. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a 50-day moving average price of $4.21 and a 200 day moving average price of $4.12. The firm has a market cap of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75.

Agora (NASDAQ:API) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) 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 company had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. As a group, analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Agora

A number of institutional investors and hedge funds have recently modified their holdings of API. Public Employees Retirement System of Ohio bought a new stake in Agora during the second quarter valued at approximately $101,000. AXQ Capital LP purchased a new stake in Agora in the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC increased its holdings in 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 acquiring an additional 10,021 shares in the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

API has been the topic of several analyst reports. Bank of America boosted their target price on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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.