Agora (NASDAQ:API) CEO Bin Zhao Acquires 8,966 Shares of Company Stock

Key Points

• CEO Bin Zhao bought 8,966 Agora shares at an average price of $4.20, spending about $37,657. After the purchase, he directly owned 2,301,549 shares; the article also lists a series of additional purchases in recent weeks.
• Agora reported quarterly earnings of $0.02 per share, beating analyst estimates of a $0.20 loss, while revenue of $40.42 million was roughly in line with expectations.
• Analysts’ consensus rating was Hold, with a consensus price target of $6.80; one analyst rated the stock Buy and two rated it Hold.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 8,966 shares of the business's stock in a transaction dated Friday, November 6th. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $37,657.20. Following the transaction, the chief executive officer directly owned 2,301,549 shares in the company, valued at approximately $9,666,505.80. This represents a 0.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was bought at an average price of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were purchased 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 stock was purchased at an average cost of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao acquired 9,095 shares of Agora stock. The stock was 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 shares were bought at an average cost of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was purchased at an average price 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 purchased 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 bought 9,906 shares of Agora stock. The shares were acquired at an average cost of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The stock was acquired at an average cost of $4.39 per share, with a total value of $43,772.69.

Agora Price Performance

API opened at $4.20 on Monday. 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 12 month low of $3.14 and a 12 month high of $5.49. The stock has a market capitalization of $366.74 million, a P/E ratio of 38.19 and a beta of 0.88. The business has a 50 day simple moving average of $4.23 and a 200-day simple moving average of $4.15.

Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $40.44 million. On average, equities analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AXQ Capital LP acquired a new position in shares of Agora during the 2nd quarter worth $55,000. Public Employees Retirement System of Ohio acquired a new stake in Agora in the 2nd quarter valued at about $101,000. Headlands Technologies LLC grew its stake in Agora by 25.8% in the 2nd 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 during the last quarter. Finally, 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 valued at $7,531,000 after acquiring an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 40.40% of the company's stock.

Wall Street Analyst Weigh In

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

About Agora

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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