Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 5,301 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were acquired at an average cost of $4.08 per share, with a total value of $21,628.08. Following the completion of the transaction, the chief executive officer owned 2,124,991 shares in the company, valued at $8,669,963.28. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was bought at an average price of $4.06 per share, with a total value of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, for a total transaction of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought 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 shares were bought 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 shares were bought at an average price 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 stock was bought at an average cost 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 stock was bought 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 stock was bought at an average price of $4.15 per share, with a total value of $38,860.60.
- On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $40,588.56.
- On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The shares were bought at an average price of $4.22 per share, for a total transaction of $40,195.50.
Agora Stock Performance
Shares of NASDAQ:API opened at $4.32 on Thursday. The business’s 50-day simple moving average is $4.23 and its 200 day simple moving average is $4.08. The company has a market cap of $377.22 million, a P/E ratio of 39.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49.
Institutional Investors Weigh In On Agora
Several hedge funds and other institutional investors have recently bought and sold shares of API. AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter valued at approximately $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the 2nd quarter valued at approximately $101,000. Finally, Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Agora
Here are the key news stories impacting Agora this week:
- Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
- Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
- Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
- Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.
Analyst Upgrades and Downgrades
Several brokerages have 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, October 9th. 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 report on Friday, August 14th. Finally, Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Agora presently has an average rating of “Hold” and a consensus target price of $6.80.
View Our Latest Research Report on Agora
About Agora
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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