Agora (NASDAQ:API) CEO Buys $43,772.69 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,971 shares of Agora stock in a transaction on Monday, October 19th. The stock was bought at an average cost of $4.39 per share, with a total value of $43,772.69. Following the completion of the acquisition, the chief executive officer owned 2,176,439 shares in the company, valued at approximately $9,554,567.21. This trade represents a 0.46% increase in their ownership of the stock. The acquisition 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 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, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average price of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was acquired at an average cost of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was bought at an average cost 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 cost of $4.45 per share, with a total value of $38,025.25.
• 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 stock was purchased 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 stock was 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 acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.

Agora Trading Up 1.4%

API opened at $4.45 on Friday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $388.57 million, a PE ratio of 40.46 and a beta of 0.75. The firm has a 50-day moving average price of $4.21 and a two-hundred day moving average price of $4.12. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on API shares. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.80.

Institutional Trading of Agora

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Agora during the second quarter worth about $101,000. AXQ Capital LP bought a new stake in shares of Agora during the 2nd quarter valued at approximately $55,000. Finally, Headlands Technologies LLC increased its holdings in shares of 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. Institutional investors and hedge funds own 40.40% of the company’s stock.

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.