Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,794 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,794 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was bought at an average cost of $4.36 per share, with a total value of $42,701.84. Following the completion of the transaction, the chief executive officer directly owned 2,186,233 shares in the company, valued at $9,531,975.88. The trade was a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was bought at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were bought at an average cost of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were bought at an average cost of $4.46 per share, for a total transaction of $42,427.98.
• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were bought at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, with a total value of $36,731.07.
• On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.

Agora Price Performance

Shares of API opened at $4.39 on Friday. 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’s fifty day moving average price is $4.21 and its 200-day moving average price is $4.12. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49. The firm has a market capitalization of $383.33 million, a PE ratio of 39.91 and a beta of 0.75.

Agora (NASDAQ:API) last issued its 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. The company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. On average, equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Agora

Several large investors have recently made changes to their positions in API. AXQ Capital LP acquired a new stake in shares of Agora in the second quarter worth $55,000. Headlands Technologies LLC raised its holdings in shares of Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the second quarter worth $101,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

About Agora

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.