Agora (NASDAQ:API) CEO Bin Zhao Buys 9,133 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,133 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost of $4.06 per share, for a total transaction of $37,079.98. Following the acquisition, the chief executive officer owned 1,981,298 shares in the company, valued at $8,044,069.88. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 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 shares were purchased at an average cost 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 purchased 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 purchased at an average price of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were purchased at an average price 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 purchased at an average cost of $4.14 per share, with a total value of $40,588.56.

Agora Stock Up 7.5%

Shares of NASDAQ API opened at $4.42 on Wednesday. The company has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $4.07. The firm has a market cap of $385.95 million, a PE ratio of 40.19 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

Agora (NASDAQ:API) last posted its earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping 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 business had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. On average, research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Agora

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Agora during the 2nd quarter worth about $101,000. AXQ Capital LP bought a new position in shares of Agora in the 2nd quarter worth about $55,000. Finally, Headlands Technologies LLC raised 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 acquiring an additional 10,021 shares in the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

Trending Headlines about Agora

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Analysts Set New Price Targets

Several equities analysts have recently issued reports on API shares. Bank of America raised their price target 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. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. One research 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.com, the company 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.