Agora (NASDAQ:API) CEO Purchases $42,701.84 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,794 shares of Agora stock in a transaction that occurred on Tuesday, October 20th. The stock was acquired at an average cost of $4.36 per share, with a total value of $42,701.84. Following the completion of the purchase, the chief executive officer owned 2,186,233 shares in the company, valued at approximately $9,531,975.88. This represents a 0.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bin Zhao also recently made the following trade(s):

  • On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The stock was bought at an average price of $4.39 per share, for a total transaction of $43,772.69.
  • On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The stock was bought at an average cost of $4.40 per share, for a total transaction of $39,551.60.
  • On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average cost of $4.46 per share, for a total transaction of $42,427.98.
  • On Friday, October 16th, Bin Zhao acquired 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 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 bought at an average price of $4.11 per share, for a total transaction of $36,731.07.
  • On Wednesday, October 14th, Bin Zhao bought 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 acquired 5,438 shares of Agora stock. The shares were purchased at an average cost 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 acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
  • On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.

Agora Price Performance

Shares of Agora stock opened at $4.45 on Friday. The firm has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $4.12. The company has a market cap of $388.57 million, a PE ratio of 40.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49.

Agora (NASDAQ:API – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share 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 business had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. Analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America raised their price objective on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.80.

Read Our Latest Stock Analysis on API

Institutional Investors Weigh In On Agora

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AXQ Capital LP bought a new position in Agora in the second quarter valued at about $55,000. Headlands Technologies LLC lifted its position in 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. Finally, Public Employees Retirement System of Ohio acquired a new position in Agora during the 2nd quarter valued at about $101,000. 40.40% of the stock is owned by institutional investors and hedge funds.

About Agora

(Get Free Report)

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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