Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 7,692 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were bought at an average price of $4.47 per share, with a total value of $34,383.24. Following the purchase, the chief executive officer owned 2,222,333 shares in the company, valued at $9,933,828.51. The trade was a 0.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The stock was bought at an average cost of $4.42 per share, for a total transaction of $43,784.52.
- On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was purchased at an average price of $4.39 per share, for a total transaction of $43,772.69.
- On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was purchased at an average price of $4.40 per share, for a total transaction of $39,551.60.
- On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The shares were purchased 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 purchased at an average cost of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was purchased at an average cost of $4.43 per share, with a total value of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 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 bought 8,937 shares of Agora stock. The stock was purchased 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 shares were purchased at an average cost of $4.30 per share, for a total transaction of $41,955.10.
- On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $22,839.60.
Agora Stock Up 0.7%
API stock opened at $4.48 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $391.19 million, a price-to-earnings ratio of 40.73 and a beta of 0.75. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The stock has a fifty day moving average of $4.21 and a 200-day moving average of $4.16.
Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. As a group, equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Hedge Funds Weigh In On Agora
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Agora in the second quarter worth $101,000. AXQ Capital LP bought a new stake in shares of Agora during the 2nd quarter valued at $55,000. Finally, Headlands Technologies LLC raised 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 purchasing an additional 10,021 shares during the period. 40.40% of the stock is owned by institutional investors.
Analysts Set New Price Targets
API has been the subject of several recent research reports. 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 boosted their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Agora presently has a consensus rating of “Hold” and a consensus target price of $6.80.
View 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.
Recommended Stories
- Five stocks we like better than Agora
- GXO Logistics Is Turning Warehouse Robots Into a Growth Strategy
- A Solid Margin Story Means the Sell-Off in DECK May Be Overdone
- Verizon’s Q3 Results Show Why SpaceX’s Spectrum Grab Isn’t a Major Threat
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
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.
