Insider Buying: Agora (NASDAQ:API) CEO Purchases $41,959.05 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,429 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were purchased at an average price of $4.45 per share, with a total value of $41,959.05. Following the completion of the acquisition, the chief executive officer owned 2,244,311 shares in the company, valued at approximately $9,987,183.95. The trade was a 0.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The shares were bought at an average cost of $4.38 per share, with a total value of $39,836.10.
• On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was acquired at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The shares were bought at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The stock was purchased at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was acquired at an average cost of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was acquired at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were bought at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.

Agora Stock Performance

Agora stock opened at $4.39 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The company has a market capitalization of $383.33 million, a price-to-earnings ratio of 39.91 and a beta of 0.88. The company’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $4.16. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49.

Agora (NASDAQ:API) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The business had revenue of $40.42 million for 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%. On average, analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AXQ Capital LP acquired a new stake in Agora during the 2nd quarter worth $55,000. Headlands Technologies LLC increased its holdings in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Agora in the 2nd quarter valued at approximately $101,000. 40.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

API has been the topic of several research analyst reports. Bank of America raised their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a 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’s stock. Based on data from MarketBeat.com, Agora has a consensus rating of “Hold” and a consensus target price of $6.80.

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.