Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 3,000 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 3,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were bought at an average price of $4.47 per share, for a total transaction of $13,410.00. Following the purchase, the chief executive officer directly owned 2,225,333 shares in the company, valued at $9,947,238.51. This represents a 0.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The shares were bought at an average price of $4.47 per share, with a total value of $42,684.03.
  • On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The shares were bought at an average cost of $4.47 per share, for a total transaction of $34,383.24.
  • On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was purchased at an average cost of $4.42 per share, for a total transaction of $43,784.52.
  • On Monday, October 19th, Bin Zhao bought 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 purchased 8,989 shares of Agora stock. The shares were purchased at an average cost of $4.40 per share, with a total value of $39,551.60.
  • On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The shares were purchased at an average price of $4.46 per share, for a total transaction of $42,427.98.
  • On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was purchased at an average price of $4.36 per share, with a total value of $42,701.84.
  • On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The shares were purchased at an average cost of $4.43 per share, with a total value of $38,984.00.
  • On Thursday, October 15th, Bin Zhao bought 8,545 shares of Agora stock. The shares were purchased at an average cost of $4.45 per share, with a total value of $38,025.25.
  • On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $36,731.07.

Agora Price Performance

Shares of NASDAQ:API opened at $4.39 on Friday. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company’s 50 day moving average is $4.22 and its 200 day moving average is $4.16. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The company has a market cap of $383.33 million, a PE ratio of 39.91 and a beta of 0.75.

Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. The business 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, sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Institutional Trading of Agora

Several hedge funds and other institutional investors have recently added to or reduced their stakes in API. AXQ Capital LP purchased a new position in Agora in the second quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora in the second quarter worth about $101,000. Finally, Headlands Technologies LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 40.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Bank of America raised their target price on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agora currently has an average rating of “Hold” and a consensus price target of $6.80.

Read Our Latest Stock Analysis on Agora

Agora Company Profile

(Get Free Report)

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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