Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,549 shares of the stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average price of $4.47 per share, with a total value of $42,684.03. Following the acquisition, the chief executive officer owned 2,234,882 shares of the company’s stock, valued at $9,989,922.54. The trade was a 0.43% increase in their ownership of the stock. The purchase 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 Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $13,410.00.
- On Monday, October 26th, Bin Zhao purchased 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 Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was purchased at an average cost of $4.42 per share, with a total value 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, with a total value 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, with a total value of $39,551.60.
- On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were purchased at an average cost of $4.46 per share, for a total transaction of $42,427.98.
- On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was acquired at an average price of $4.36 per share, for a total transaction of $42,701.84.
- On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $38,984.00.
- On Thursday, October 15th, Bin Zhao bought 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, with a total value of $36,731.07.
Agora Stock Performance
Shares of Agora stock opened at $4.39 on Friday. The business’s fifty day simple moving average is $4.22 and its 200 day simple moving average is $4.16. The firm has a market capitalization of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. 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 (NASDAQ:API – Get Free Report) last posted 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. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Analysts Set New Price Targets
API has been the topic of a number of research analyst reports. Bank of America boosted their price target on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Agora currently has a consensus rating of “Hold” and a consensus price target of $6.80.
Check Out Our Latest Stock Report on Agora
Hedge Funds Weigh In On Agora
Institutional investors have recently bought and sold shares of the company. AXQ Capital LP bought a new stake in shares of Agora in the second quarter valued at $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Agora during the 2nd quarter valued at $101,000. Finally, Headlands Technologies LLC grew 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 worth $195,000 after acquiring an additional 10,021 shares during the period. Hedge funds and other institutional investors own 40.40% of the company’s stock.
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.
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