Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,699 shares of the stock in a transaction on Thursday, November 5th. The stock was bought at an average price of $4.33 per share, with a total value of $41,996.67. Following the transaction, the chief executive officer directly owned 2,292,583 shares in the company, valued at approximately $9,926,884.39. This represents a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bin Zhao also recently made the following trade(s):
- On Friday, November 6th, Bin Zhao bought 8,966 shares of Agora stock. The stock was bought at an average cost of $4.20 per share, with a total value of $37,657.20.
- On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were bought at an average price of $4.16 per share, for a total transaction of $41,600.00.
- On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average price of $4.37 per share, for a total transaction of $41,418.86.
- On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were bought at an average cost of $4.38 per share, for a total transaction of $39,836.10.
- On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The shares were bought at an average cost of $4.45 per share, for a total transaction of $41,959.05.
- On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $42,684.03.
- On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $13,410.00.
- On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $34,383.24.
- On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was bought at an average price 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 shares were purchased at an average cost of $4.39 per share, for a total transaction of $43,772.69.
Agora Stock Up 0.5%
NASDAQ:API opened at $4.32 on Thursday. The company has a market cap of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The stock’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $4.15. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-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 EPS for the quarter, beating the consensus estimate 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 return on equity of 1.96% and a net margin of 7.23%. On average, analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Bank of America raised their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. One 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 an average price target of $6.80.
Check Out Our Latest Analysis on Agora
Hedge Funds Weigh In On Agora
Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in Agora by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after acquiring an additional 18,000 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Agora during the 2nd quarter valued at $55,000. Headlands Technologies LLC raised its position in shares of 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 acquiring an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora during the 2nd quarter valued at $101,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.
About Agora
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.
Featured Articles
- Five stocks we like better than Agora
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Agora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agora and related companies with MarketBeat.com's FREE daily email newsletter.
