Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,513 shares of the firm’s stock in a transaction on Wednesday, October 21st. The shares were bought at an average cost of $4.46 per share, with a total value of $42,427.98. Following the completion of the acquisition, the chief executive officer directly owned 2,195,746 shares in the company, valued at approximately $9,793,027.16. This represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Bin Zhao also recently made the following trade(s):
- On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were bought at an average price of $4.39 per share, for a total transaction of $43,772.69.
- On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The shares were purchased at an average cost of $4.40 per share, for a total transaction of $39,551.60.
- On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was acquired at an average cost of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, with a total value of $38,025.25.
- On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.
- On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
- On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, with a total value of $22,839.60.
- On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was bought at an average cost of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.
Agora Stock Up 1.4%
API opened at $4.45 on Friday. The company’s 50-day moving average price is $4.21 and its two-hundred day moving average price is $4.12. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The stock has a market cap of $388.57 million, a price-to-earnings ratio of 40.46 and a beta of 0.75. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.
Agora (NASDAQ:API – Get Free Report) last released its 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. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, equities analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Institutional Trading of Agora
Several large investors have recently modified their holdings of the business. AXQ Capital LP bought a new stake in shares of Agora in the 2nd quarter worth approximately $55,000. Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% during 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 in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the second quarter valued at about $101,000. 40.40% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on API shares. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, Bank of America raised their target price on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.80.
View Our Latest Research Report on Agora
About Agora
Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.
The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.
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