Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,971 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was purchased at an average price of $4.39 per share, for a total transaction of $43,772.69. Following the transaction, the chief executive officer directly owned 2,176,439 shares of the company’s stock, valued at approximately $9,554,567.21. This trade represents a 0.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Bin Zhao also recently made the following trade(s):
- On Thursday, October 22nd, Bin Zhao bought 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 shares were 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 purchased 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $4.11 per share, with a total value of $36,731.07.
- On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
- On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average cost of $4.20 per share, for a total transaction of $22,839.60.
- On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was bought at an average price of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
Agora Trading Down 2.2%
Shares of NASDAQ:API traded down $0.10 on Thursday, hitting $4.39. The company had a trading volume of 118,163 shares, compared to its average volume of 139,069. The firm’s 50-day simple moving average is $4.21 and its two-hundred day simple moving average is $4.12. The firm has a market capitalization of $383.33 million, a price-to-earnings ratio of 39.91 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 1 year low of $3.14 and a 1 year high of $5.49.
Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The company had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Equities analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
API has been the subject of a number of research analyst reports. Bank of America raised their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen cut 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, Agora presently has an average rating of “Hold” and an average price target of $6.80.
Get Our Latest Analysis on Agora
Institutional Investors Weigh In On Agora
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the second quarter valued at approximately $101,000. AXQ Capital LP bought a new stake in shares of Agora in the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC boosted its position in shares of Agora by 25.8% in 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.
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.
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