Agora (NASDAQ:API) CEO Purchases $40,948.87 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,773 shares of Agora stock in a transaction on Tuesday, October 6th. The stock was acquired at an average cost of $4.19 per share, for a total transaction of $40,948.87. Following the completion of the purchase, the chief executive officer owned 2,099,897 shares of the company’s stock, valued at approximately $8,798,568.43. The trade was a 0.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were acquired at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The shares were acquired at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were acquired at an average price 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 stock was bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was bought at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 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 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 shares were bought at an average cost of $4.18 per share, with a total value of $40,265.94.

Agora Trading Up 4.2%

NASDAQ API opened at $4.50 on Friday. The stock has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.09. The company has a market capitalization of $392.94 million, a PE ratio of 40.91 and a beta of 0.75. The company has a current ratio of 5.11, a quick 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.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Agora

Several institutional investors and hedge funds have recently made changes to their positions in API. AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter valued at $55,000. Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the 2nd quarter valued at $101,000. Finally, Headlands Technologies LLC raised its stake 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 buying an additional 10,021 shares during the period. Institutional investors and hedge funds 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.