Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,513 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,513 shares of Agora stock in a transaction that occurred on Wednesday, October 21st. The stock was bought at an average cost of $4.46 per share, with a total value of $42,427.98. Following the acquisition, the chief executive officer directly owned 2,195,746 shares of the company’s stock, valued at approximately $9,793,027.16. This trade represents a 0.44% increase in their ownership of the stock. 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 Monday, October 19th, Bin Zhao purchased 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 stock was bought at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The stock was bought at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was bought at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were bought at an average price of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was purchased at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were purchased at an average cost of $4.06 per share, with a total value of $40,421.36.

Agora Stock Performance

Shares of NASDAQ API opened at $4.39 on Friday. The stock has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $4.12. 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 firm has a market cap of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49.

Agora (NASDAQ:API) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Bank of America boosted their price target 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 report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Agora has a consensus rating of “Hold” and an average price target of $6.80.

Institutional Trading of Agora

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its holdings in Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after buying an additional 10,021 shares in the last quarter. AXQ Capital LP acquired a new position in Agora in the second quarter worth approximately $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Agora in the second quarter valued at $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.

Agora Company Profile

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.