Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,364 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were purchased at an average cost of $4.15 per share, for a total transaction of $38,860.60. Following the acquisition, the chief executive officer owned 2,052,413 shares of the company’s stock, valued at $8,517,513.95. This represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, with a total value of $36,731.07.
- On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were purchased at an average cost of $4.30 per share, with a total value of $41,955.10.
- On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were purchased at an average price of $4.20 per share, for a total transaction of $22,839.60.
- On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were purchased at an average price 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 purchased 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 stock was purchased 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 purchased at an average price 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, with a total value of $40,600.34.
- On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, with a total value of $37,257.15.
- On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, with a total value of $38,409.00.
Agora Trading Up 4.2%
Shares of API stock opened at $4.50 on Friday. The stock has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.09. The stock has a market capitalization of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. 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 issued 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 firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. On average, sell-side analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Bank of America lifted their price objective 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. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.80.
Institutional Investors Weigh In On Agora
Institutional investors and hedge funds have recently modified their holdings of the stock. AXQ Capital LP bought a new stake 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 in the 2nd quarter worth $101,000. Finally, Headlands Technologies LLC grew 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 acquiring an additional 10,021 shares during the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Agora
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Agora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agora and related companies with MarketBeat.com's FREE daily email newsletter.
