Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,906 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of $4.42 per share, with a total value of $43,784.52. Following the completion of the purchase, the chief executive officer owned 2,214,641 shares of the company’s stock, valued at $9,788,713.22. This represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $42,684.03.
- On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average cost 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 purchased at an average price of $4.47 per share, for a total transaction of $34,383.24.
- On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average cost of $4.39 per share, with a total value of $43,772.69.
- On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was purchased at an average cost of $4.40 per share, with a total value of $39,551.60.
- On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average price of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were purchased at an average price of $4.36 per share, for a total transaction of $42,701.84.
- On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $4.45 per share, for a total transaction of $38,025.25.
- On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, with a total value of $36,731.07.
Agora Stock Performance
Shares of API stock opened at $4.45 on Friday. The company’s fifty day moving average price is $4.22 and its 200-day moving average price is $4.16. The stock has a market cap of $388.57 million, a PE ratio of 40.46 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 12 month low of $3.14 and a 12 month high of $5.49.
Agora (NASDAQ:API – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million during the quarter, compared to analysts’ expectations of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. On average, equities analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Institutional Trading of Agora
Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC grew 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 worth $195,000 after acquiring an additional 10,021 shares during the period. Public Employees Retirement System of Ohio bought a new position in Agora during the second quarter valued at approximately $101,000. Finally, AXQ Capital LP bought a new position in Agora during the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Bank of America raised their price objective on Agora from $6.60 to $6.80 and gave the company 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 note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Agora has an average rating of “Hold” and a consensus price target of $6.80.
Check Out Our Latest Research Report on Agora
Agora Company Profile
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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