Insider Buying: Agora (NASDAQ:API) CEO Buys $41,600.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 10,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of $4.16 per share, with a total value of $41,600.00. Following the completion of the acquisition, the chief executive officer directly owned 2,272,884 shares of the company’s stock, valued at $9,455,197.44. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average price of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were purchased at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was 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 stock was acquired at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The shares were acquired at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was bought at an average price 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, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was purchased at an average cost of $4.40 per share, with a total value 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.

Agora Stock Performance

NASDAQ:API opened at $4.20 on Friday. The stock has a market cap of $366.74 million, a P/E ratio of 38.19 and a beta of 0.88. The firm has a 50-day moving average of $4.23 and a two-hundred day moving average of $4.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its position in 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 in the last quarter. AXQ Capital LP purchased a new stake in shares of Agora during the second quarter worth approximately $55,000. Public Employees Retirement System of Ohio purchased a new position in Agora during the 2nd quarter valued at about $101,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in 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. Hedge funds and other institutional investors own 40.40% of the company’s stock.

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.