Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,513 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was acquired at an average price of $4.46 per share, for a total transaction of $42,427.98. Following the completion of the transaction, the chief executive officer owned 2,195,746 shares in the company, valued at $9,793,027.16. This trade represents a 0.44% 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 Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The shares were acquired at an average price of $4.40 per share, with a total value of $39,551.60.
- On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were acquired at an average price 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 acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
- On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, with a total value of $38,025.25.
- On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were acquired at an average cost 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 acquired at an average cost of $4.30 per share, for a total transaction of $41,955.10.
- On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, for a total transaction of $22,839.60.
- On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was bought at an average cost 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, with a total value of $40,626.81.
Agora Price Performance
API traded down $0.10 on Thursday, reaching $4.39. The company had a trading volume of 118,163 shares, compared to its average volume of 139,069. The company has a fifty day moving average of $4.21 and a 200-day moving average of $4.12. The company has a market capitalization of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. 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 earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. As a group, equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on API shares. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Bank of America boosted their target price on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.80.
Read Our Latest Report on Agora
Institutional Trading of Agora
A number of hedge funds have recently bought and sold shares of API. AXQ Capital LP purchased a new stake in Agora during the second quarter valued at about $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the second quarter worth approximately $101,000. Finally, Headlands Technologies LLC increased its position in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after acquiring an additional 10,021 shares in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.
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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