Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 8,989 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was purchased at an average price of $4.40 per share, for a total transaction of $39,551.60. Following the completion of the acquisition, the chief executive officer owned 2,204,735 shares in the company, valued at approximately $9,700,834. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were acquired at an average price of $4.39 per share, with a total value of $43,772.69.
- On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The stock was acquired at an average cost of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was acquired at an average cost of $4.36 per share, for a total transaction of $42,701.84.
- On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were acquired at an average price of $4.45 per share, for a total transaction of $38,025.25.
- On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.
- On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was bought at an average price of $4.30 per share, with a total value of $41,955.10.
- On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The stock was 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 stock was bought at an average cost of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 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.
Agora Stock Performance
Shares of NASDAQ:API opened at $4.45 on Friday. The business’s 50-day simple moving average is $4.21 and its 200 day simple moving average is $4.12. The company has a market cap of $388.57 million, a P/E ratio of 40.46 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.
Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The firm had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. On average, sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of API. Public Employees Retirement System of Ohio acquired a new stake in Agora during the 2nd quarter valued at approximately $101,000. AXQ Capital LP purchased a new stake in Agora during the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC increased its holdings in Agora by 25.8% during the 2nd 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. Hedge funds and other institutional investors own 40.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on API. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Bank of America boosted their price objective on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.80.
Get Our Latest Stock Report on API
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.
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