Agora (NASDAQ:API) CEO Acquires $39,818.00 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao bought 9,260 shares of the business’s stock in a transaction on Tuesday, November 10th. The shares were acquired at an average price of $4.30 per share, for a total transaction of $39,818.00. Following the completion of the purchase, the chief executive officer owned 2,320,273 shares in the company, valued at approximately $9,977,173.90. The trade was a 0.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, November 11th, Bin Zhao acquired 8,420 shares of Agora stock. The shares were bought at an average cost of $4.33 per share, with a total value of $36,458.60.
• On Monday, November 9th, Bin Zhao bought 9,464 shares of Agora stock. The shares were bought at an average price of $4.29 per share, with a total value of $40,600.56.
• On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The shares were purchased at an average price of $4.20 per share, with a total value of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was acquired at an average price of $4.33 per share, for a total transaction of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The stock was acquired at an average price of $4.16 per share, for a total transaction of $41,600.00.
• 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, for a total transaction of $41,418.86.
• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The shares were bought at an average cost of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was purchased 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 purchased at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $13,410.00.

Agora Price Performance

API traded down $0.13 during trading on Friday, reaching $3.96. 151,234 shares of the company traded hands, compared to its average volume of 116,409. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The firm has a fifty day simple moving average of $4.23 and a 200 day simple moving average of $4.14. The company has a market cap of $345.79 million, a P/E ratio of 36.00 and a beta of 0.88.

Agora (NASDAQ:API) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. On average, equities analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Agora

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 18,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Agora during the third quarter worth approximately $921,000. Headlands Technologies LLC raised its stake in shares of 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. Public Employees Retirement System of Ohio bought a new stake in shares of Agora during the second quarter valued at approximately $101,000. Finally, AXQ Capital LP bought a new stake in shares of Agora during the second quarter valued at approximately $55,000. Institutional investors own 40.40% of the company’s stock.

About Agora

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.