Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 14,559 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average cost of $3.98 per share, for a total transaction of $57,944.82. Following the purchase, the chief executive officer owned 1,972,165 shares of the company’s stock, valued at approximately $7,849,216.70. This represents a 0.74% increase in their position. The acquisition 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 Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were purchased at an average price of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was acquired at an average price of $4.06 per share, for a total transaction of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were acquired at an average price 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 bought at an average price of $4.19 per share, with a total value of $40,948.87.
- On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The stock was purchased 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 stock was purchased at an average cost of $4.11 per share, with a total value of $37,257.15.
- On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The stock was acquired at an average price of $4.18 per share, for a total transaction of $40,265.94.
- On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The stock was bought at an average cost of $4.15 per share, for a total transaction of $38,860.60.
- On Monday, September 28th, Bin Zhao acquired 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, with a total value of $40,588.56.
Agora Stock Performance
API opened at $4.11 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The business has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $4.07. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The company has a market capitalization of $358.89 million, a PE ratio of 37.37 and a beta of 0.75.
Wall Street Analysts Forecast Growth
Several research firms have commented on API. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.80.
Read Our Latest Analysis on Agora
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. AXQ Capital LP acquired a new position in Agora in the second quarter valued at approximately $55,000. Headlands Technologies LLC boosted its holdings 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 buying an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter worth approximately $101,000. 40.40% of the stock is owned by institutional investors.
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.
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