Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 5,438 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 5,438 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was bought at an average cost of $4.20 per share, for a total transaction of $22,839.60. Following the completion of the acquisition, the chief executive officer directly owned 2,139,366 shares of the company’s stock, valued at approximately $8,985,337.20. This represents a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were bought at an average price of $4.30 per share, with a total value of $41,955.10.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was purchased at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were purchased 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 shares were purchased at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Stock Down 3.3%

Agora stock traded down $0.15 during trading hours on Friday, hitting $4.35. The stock had a trading volume of 129,334 shares, compared to its average volume of 165,952. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $379.84 million, a P/E ratio of 39.55 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 stock’s 50-day moving average price is $4.23 and its 200-day moving average price is $4.09.

Agora (NASDAQ:API) last issued 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. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. Equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America boosted their price target on Agora from $6.60 to $6.80 and gave the stock 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 stock. According to data from MarketBeat, Agora currently has an average rating of “Hold” and a consensus target price of $6.80.

Hedge Funds Weigh In On Agora

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC lifted its stake 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 acquiring an additional 10,021 shares during the period. AXQ Capital LP purchased a new stake in Agora during the 2nd quarter valued at $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter valued at $101,000. Institutional investors own 40.40% of the company’s stock.

Agora Company Profile

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.