Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,794 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,794 shares of Agora stock in a transaction on Tuesday, October 20th. The shares were purchased at an average cost of $4.36 per share, with a total value of $42,701.84. Following the transaction, the chief executive officer owned 2,186,233 shares in the company, valued at approximately $9,531,975.88. The trade was a 0.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was acquired at an average price of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao acquired 9,513 shares of Agora stock. The stock was acquired at an average price of $4.46 per share, for a total transaction of $42,427.98.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The stock was acquired at an average price of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average price of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was purchased at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was bought at an average price of $4.13 per share, for a total transaction of $40,626.81.

Agora Stock Performance

Shares of API traded down $0.10 during midday trading on Thursday, reaching $4.39. 118,163 shares of the stock were exchanged, compared to its average volume of 139,069. 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’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $4.12. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company has a market cap of $383.33 million, a P/E ratio of 39.91 and a beta of 0.75.

Agora (NASDAQ:API) last posted 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 return on equity of 1.96% and a net margin of 7.23%. On average, sell-side analysts expect that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Agora

Several institutional investors have recently added to or reduced their stakes in API. AXQ Capital LP bought a new position in shares of Agora during the second quarter valued at about $55,000. Headlands Technologies LLC grew its stake in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the second quarter worth about $101,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

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.