Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 8,966 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $4.20 per share, for a total transaction of $37,657.20. Following the acquisition, the chief executive officer directly owned 2,301,549 shares of the company’s stock, valued at $9,666,505.80. This trade represents a 0.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Bin Zhao also recently made the following trade(s):
- On Thursday, November 5th, Bin Zhao purchased 9,699 shares of Agora stock. The shares were acquired at an average cost of $4.33 per share, for a total transaction of $41,996.67.
- On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The shares were acquired at an average price of $4.16 per share, with a total value of $41,600.00.
- On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The shares were acquired at an average price of $4.37 per share, with a total value of $41,418.86.
- On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The stock was acquired at an average cost of $4.38 per share, with a total value of $39,836.10.
- On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, with a total value of $41,959.05.
- On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $42,684.03.
- On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The shares were acquired at an average price of $4.47 per share, for a total transaction of $13,410.00.
- On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The shares were acquired at an average price of $4.47 per share, for a total transaction of $34,383.24.
- On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The shares were acquired at an average cost of $4.42 per share, with a total value of $43,784.52.
- On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were acquired at an average cost of $4.39 per share, with a total value of $43,772.69.
Agora Stock Up 0.5%
Shares of NASDAQ API opened at $4.32 on Thursday. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The company has a market cap of $377.22 million, a P/E ratio of 39.28 and a beta of 0.88. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $4.24 and a 200 day moving average price of $4.15.
Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. The company had revenue of $40.42 million for 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%. Research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% in 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 period. AXQ Capital LP acquired a new stake in Agora during the 2nd quarter valued at $55,000. Allspring Global Investments Holdings LLC grew its holdings in Agora by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Agora during the 2nd quarter valued at $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
API has been the subject of a number of recent research reports. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, 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 report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Agora presently has an average rating of “Hold” and a consensus target price of $6.80.
Get Our Latest Stock Report on API
Agora Company Profile
Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.
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