Agora (NASDAQ:API) CEO Acquires 9,699 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,699 shares of Agora stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $4.33 per share, with a total value of $41,996.67. Following the transaction, the chief executive officer owned 2,292,583 shares in the company, valued at $9,926,884.39. This trade represents a 0.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The shares were acquired at an average price of $4.20 per share, for a total transaction of $37,657.20.
• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The stock was acquired at an average cost of $4.16 per share, for a total transaction of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The stock was acquired at an average cost of $4.37 per share, for a total transaction of $41,418.86.
• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The shares were acquired at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The shares were acquired at an average price of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The shares were acquired at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was acquired at an average price of $4.47 per share, for a total transaction of $13,410.00.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was acquired at an average price of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The stock was acquired at an average cost of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were bought at an average price of $4.39 per share, with a total value of $43,772.69.

Agora Price Performance

API stock opened at $4.20 on Monday. 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 business has a 50-day simple moving average of $4.23 and a two-hundred day simple moving average of $4.15. The company has a market capitalization of $366.74 million, a P/E ratio of 38.19 and a beta of 0.88. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49.

Agora (NASDAQ:API) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The firm had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Agora

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after buying an additional 18,000 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Agora by 25.8% during the second 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. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the second quarter valued at approximately $101,000. Finally, AXQ Capital LP bought a new stake in Agora during the second quarter worth $55,000. 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.