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.
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
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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