Insider Buying: Agora (NASDAQ:API) CEO Purchases 9,924 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,924 shares of Agora stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average price of $4.33 per share, with a total value of $42,970.92. Following the completion of the purchase, the chief executive officer owned 2,004,669 shares in the company, valued at $8,680,216.77. This trade represents a 0.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was purchased at an average cost 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 purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $40,948.87.
  • On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, for a total transaction of $40,600.34.
  • On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased 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 stock was purchased 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 purchased at an average price of $4.18 per share, with a total value of $40,265.94.
  • On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The shares were purchased at an average cost of $4.15 per share, for a total transaction of $38,860.60.
  • On Monday, September 28th, Bin Zhao acquired 9,804 shares of Agora stock. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $40,588.56.

Agora Stock Up 0.7%

Shares of NASDAQ API opened at $4.11 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The company has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.07. The stock has a market capitalization of $358.89 million, a P/E ratio of 37.37 and a beta of 0.75. 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 posted 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. 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 analyst estimates of $40.44 million. On average, equities research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in API. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the second quarter valued at about $101,000. AXQ Capital LP bought a new stake in Agora in the 2nd quarter worth about $55,000. Finally, Headlands Technologies LLC grew its position in 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. 40.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on API. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Bank of America lifted their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. One research 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 stock has a consensus rating of “Hold” and a consensus price target of $6.80.

Read Our Latest Report on API

Agora Company Profile

(Get Free Report)

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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