Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,804 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,804 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of $4.14 per share, for a total transaction of $40,588.56. Following the acquisition, the chief executive officer owned 2,043,049 shares in the company, valued at approximately $8,458,222.86. This trade represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were 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 shares were purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The stock was purchased 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 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 purchased 9,065 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The shares were acquired at an average price 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 shares were acquired at an average price of $4.15 per share, with a total value of $38,860.60.
• On Friday, September 25th, Bin Zhao acquired 9,525 shares of Agora stock. The stock was acquired at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Stock Up 0.7%

API opened at $4.11 on Tuesday. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. 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 stock has a market cap of $358.89 million, a P/E ratio of 37.37 and a beta of 0.75. The stock’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.07.

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 analysts’ consensus estimates of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. As a group, research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Trading of Agora

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

Analyst Ratings Changes

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

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.