Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,837 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,837 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average price of $4.13 per share, for a total transaction of $40,626.81. Following the acquisition, the chief executive officer directly owned 2,109,734 shares in the company, valued at $8,713,201.42. The trade was a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The shares were bought at an average price of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were bought at an average price 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 shares were bought at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, with a total value 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, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The stock was bought at an average cost of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was bought at an average price of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The stock was bought at an average price of $4.22 per share, for a total transaction of $40,195.50.

Agora Stock Down 2.3%

Shares of NASDAQ:API opened at $4.32 on Thursday. The stock has a market cap of $377.22 million, a price-to-earnings ratio of 39.28 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 12-month low of $3.14 and a 12-month high of $5.49. The business’s 50 day moving average is $4.23 and its 200 day moving average is $4.08.

Agora (NASDAQ:API) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million during 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, sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Key Headlines Impacting Agora

Here are the key news stories impacting Agora this week:

• Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
• Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
• Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.

Wall Street Analyst Weigh In

API has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One equities research 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, the company has a consensus rating of “Hold” and a consensus price target of $6.80.

Hedge Funds Weigh In On Agora

Hedge funds and other institutional investors have recently modified their holdings of the business. AXQ Capital LP bought a new position in shares of Agora in the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio bought a new position in shares of Agora in the second quarter valued at approximately $101,000. Finally, Headlands Technologies LLC increased its position in shares of Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares during the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

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.