Insider Buying: Agora (NASDAQ:API) CEO Buys $41,600.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 10,000 shares of Agora stock in a transaction that occurred on Tuesday, November 3rd. The stock was purchased at an average price of $4.16 per share, for a total transaction of $41,600.00. Following the acquisition, the chief executive officer directly owned 2,272,884 shares of the company’s stock, valued at $9,455,197.44. The trade was a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 2nd, Bin Zhao purchased 9,478 shares of Agora stock. The shares were purchased at an average price of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were purchased at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was purchased at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The shares were bought at an average cost of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were purchased 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 price 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 bought at an average price of $4.46 per share, with a total value of $42,427.98.

Agora Price Performance

Shares of API traded up $0.22 during mid-day trading on Wednesday, hitting $4.38. The company’s stock had a trading volume of 65,016 shares, compared to its average volume of 343,276. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The firm has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.16. 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 stock has a market capitalization of $382.46 million, a price-to-earnings ratio of 39.82 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Bank of America increased their price objective on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.80.

Hedge Funds Weigh In On Agora

A number of institutional investors have recently added to or reduced their stakes in API. AXQ Capital LP acquired a new stake in shares of Agora in the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio acquired a new position in Agora during the second quarter valued at approximately $101,000. Finally, Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% in 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. 40.40% of the stock is currently owned by institutional investors and hedge funds.

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.