Agora (NASDAQ:API) CEO Bin Zhao Purchases 8,420 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 8,420 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were bought at an average price of $4.33 per share, with a total value of $36,458.60. Following the completion of the purchase, the chief executive officer owned 2,328,693 shares in the company, valued at approximately $10,083,240.69. The trade was a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 10th, Bin Zhao acquired 9,260 shares of Agora stock. The shares were purchased at an average price of $4.30 per share, with a total value of $39,818.00.
• On Monday, November 9th, Bin Zhao bought 9,464 shares of Agora stock. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $40,600.56.
• On Friday, November 6th, Bin Zhao bought 8,966 shares of Agora stock. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $37,657.20.
• On Thursday, November 5th, Bin Zhao purchased 9,699 shares of Agora stock. The shares were purchased at an average price of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The shares were acquired at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The stock was acquired at an average cost of $4.37 per share, for a total transaction of $41,418.86.
• On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The shares were acquired at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, with a total value of $41,959.05.
• On Wednesday, October 28th, Bin Zhao purchased 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 purchased 3,000 shares of Agora stock. The shares were acquired at an average price of $4.47 per share, for a total transaction of $13,410.00.

Agora Trading Up 0.5%

Shares of API stock opened at $4.32 on Thursday. 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 company has a market cap of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.88. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The firm has a fifty day moving average price of $4.24 and a 200-day moving average price of $4.15.

Agora (NASDAQ:API) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million for the quarter, compared to the consensus estimate of $40.44 million. As a group, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Agora

Several large investors have recently made changes to their positions in the business. AXQ Capital LP bought a new position in shares of Agora in the second quarter worth about $55,000. Public Employees Retirement System of Ohio bought a new stake in Agora during the 2nd quarter valued at approximately $101,000. Headlands Technologies LLC lifted its holdings in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 18,000 shares in the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Agora Company Profile

Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.