Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,971 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was bought at an average cost of $4.39 per share, for a total transaction of $43,772.69. Following the completion of the purchase, the chief executive officer owned 2,176,439 shares of the company’s stock, valued at approximately $9,554,567.21. The trade was a 0.46% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Bin Zhao also recently made the following trade(s):
- On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The shares were bought at an average price of $4.40 per share, with a total value of $39,551.60.
- On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The stock was bought at an average cost of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The stock was bought at an average cost of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The stock was purchased 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 stock was purchased at an average price of $4.45 per share, for a total transaction of $38,025.25.
- On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
- On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were purchased at an average price 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 purchased at an average price of $4.20 per share, with a total value of $22,839.60.
- 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 price of $4.06 per share, for a total transaction of $40,421.36.
Agora Stock Down 2.2%
Shares of NASDAQ API traded down $0.10 during midday trading on Thursday, hitting $4.39. The stock had a trading volume of 118,163 shares, compared to its average volume of 139,069. The business’s 50 day moving average is $4.21 and its 200-day moving average is $4.12. The company has a market cap of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52 week low of $3.14 and a 52 week high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.
Agora (NASDAQ:API – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. As a group, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Institutional Trading of Agora
A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the second quarter worth approximately $101,000. AXQ Capital LP purchased a new position in shares of Agora during the second quarter valued at approximately $55,000. Finally, 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 valued at $195,000 after purchasing an additional 10,021 shares during the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on API shares. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Bank of America boosted their price target 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.80.
Check Out 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.
Recommended Stories
- Five stocks we like better than Agora
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Agora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agora and related companies with MarketBeat.com's FREE daily email newsletter.
