Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,837 shares of Agora stock in a transaction dated Wednesday, October 7th. The shares were acquired at an average price of $4.13 per share, with a total value of $40,626.81. Following the completion of the purchase, the chief executive officer directly owned 2,109,734 shares in the company, valued at $8,713,201.42. This trade represents a 0.47% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bin Zhao also recently made the following trade(s):
- On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was 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 acquired at an average price 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 acquired at an average cost of $4.20 per share, with a total value of $22,839.60.
- On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were acquired at an average cost 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 acquired at an average cost of $4.06 per share, with a total value of $40,421.36.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought at an average cost 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 shares were bought at an average cost 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 bought at an average price of $4.11 per share, for a total transaction of $37,257.15.
- On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The stock was bought at an average price of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, for a total transaction of $40,265.94.
Agora Stock Up 4.2%
Agora stock opened at $4.50 on Friday. The stock has a market cap of $392.94 million, a P/E ratio of 40.91 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, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $4.09.
Agora (NASDAQ:API – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million for 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%. As a group, analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Institutional Trading of Agora
Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Agora in the 2nd quarter valued at about $101,000. AXQ Capital LP acquired a new position in shares of Agora during the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC grew its position in shares of 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. Institutional investors own 40.40% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on API shares. Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Agora currently has an average rating of “Hold” and a consensus target price of $6.80.
Read Our Latest Research Report on Agora
About Agora
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.
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