Agora (NASDAQ:API) CEO Bin Zhao Buys 9,837 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,837 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were acquired at an average price of $4.13 per share, with a total value of $40,626.81. Following the transaction, the chief executive officer directly owned 2,109,734 shares in the company, valued at approximately $8,713,201.42. The trade was a 0.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was bought at an average cost 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 bought at an average price of $4.06 per share, for a total transaction of $40,421.36.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was bought at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were bought at an average cost of $4.11 per share, with a total value of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The stock was bought at an average price of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The stock was bought at an average price of $4.18 per share, with a total value of $40,265.94.
• On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The stock was bought at an average price of $4.15 per share, with a total value of $38,860.60.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was bought at an average cost of $4.14 per share, for a total transaction of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The stock was bought at an average cost of $4.22 per share, for a total transaction of $40,195.50.

Agora Price Performance

Shares of API opened at $4.42 on Wednesday. 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 1 year low of $3.14 and a 1 year high of $5.49. The stock has a market cap of $385.95 million, a P/E ratio of 40.19 and a beta of 0.75. The stock’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.07.

Agora (NASDAQ:API) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The company had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. On average, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Institutional Trading of Agora

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC raised its stake in 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 buying an additional 10,021 shares during the period. Public Employees Retirement System of Ohio bought a new position in Agora during the second quarter worth about $101,000. Finally, AXQ Capital LP bought a new position in Agora during the second quarter worth about $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Key Agora News

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Analysts Set New Price Targets

Several research firms recently weighed in on API. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Agora has a consensus rating of “Hold” and an average price target of $6.80.

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.