Agora (NASDAQ:API) CEO Purchases $21,628.08 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 5,301 shares of the stock in a transaction dated Friday, October 9th. The stock was bought at an average price of $4.08 per share, with a total value of $21,628.08. Following the purchase, the chief executive officer owned 2,124,991 shares of the company’s stock, valued at approximately $8,669,963.28. This represents a 0.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The shares were bought at an average price 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 cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao purchased 5,438 shares of Agora stock. The stock was bought at an average price of $4.20 per share, with a total value of $22,839.60.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was purchased at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were purchased at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao bought 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 bought 9,300 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Price Performance

API opened at $4.50 on Friday. The company has a fifty day simple moving average of $4.23 and a 200 day simple moving average of $4.09. The firm has a market cap of $392.94 million, a price-to-earnings ratio of 40.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. 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 (NASDAQ:API) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Equities research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on API. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America increased their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One investment 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 an average rating of “Hold” and a consensus price target of $6.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted 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 last quarter. Public Employees Retirement System of Ohio acquired a new position in Agora during the 2nd quarter worth $101,000. Finally, AXQ Capital LP bought a new stake in shares of Agora in the 2nd quarter worth about $55,000. 40.40% of the stock is currently owned by institutional investors.

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.