Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,757 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,757 shares of Agora stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average cost of $4.30 per share, with a total value of $41,955.10. Following the completion of the acquisition, the chief executive officer owned 2,149,123 shares of the company’s stock, valued at $9,241,228.90. The trade was a 0.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The stock was purchased at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was purchased 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 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 purchased 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was acquired at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was acquired 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 acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 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.

Agora Stock Performance

Shares of API opened at $4.50 on Friday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market cap of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. The company has a 50-day moving average of $4.23 and a two-hundred day moving average of $4.09. 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 quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. As a group, research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

API has been the topic of a number of analyst reports. Bank of America increased their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.80.

Institutional Investors Weigh In On Agora

Several hedge funds have recently modified their holdings of API. AXQ Capital LP purchased a new position in shares of Agora during the second quarter valued at approximately $55,000. Headlands Technologies LLC grew its stake 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 acquiring an additional 10,021 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Agora in the 2nd quarter worth approximately $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.

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.