Agora (NASDAQ:API) CEO Bin Zhao Acquires 9,478 Shares of Stock

Key Points

• CEO Bin Zhao bought 9,478 Agora shares at an average $4.37 each, a $41,419 transaction that increased his direct holdings to 2,262,884 shares. The article also lists several other recent purchases by Zhao.
• Agora shares rose 5.3% to $4.38 in Wednesday trading. The company’s latest reported quarterly EPS of $0.02 beat the consensus estimate of a $0.20 loss, while revenue of $40.42 million was roughly in line with estimates.
• Analyst sentiment is mixed: one brokerage rates Agora Buy and two rate it Hold, giving the stock an overall consensus rating of Hold and a $6.80 consensus price target.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 9,478 shares of the stock in a transaction on Monday, November 2nd. The stock was acquired at an average cost of $4.37 per share, with a total value of $41,418.86. Following the completion of the purchase, the chief executive officer directly owned 2,262,884 shares of the company's stock, valued at $9,888,803.08. The trade was a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The shares were purchased at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The stock was bought at an average cost 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 stock was acquired at an average cost of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was bought 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 price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased 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 bought at an average price 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 cost of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were bought 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 acquired at an average cost of $4.46 per share, for a total transaction of $42,427.98.

Agora Trading Up 5.3%

NASDAQ API traded up $0.22 on Wednesday, hitting $4.38. 65,016 shares of the stock were exchanged, compared to its average volume of 343,276. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.16. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The firm has a market capitalization of $382.46 million, a P/E ratio of 39.82 and a beta of 0.88.

Agora (NASDAQ:API - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Trading of Agora

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC boosted its position in shares of 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 purchasing an additional 10,021 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Agora in the 2nd quarter valued at approximately $101,000. Finally, AXQ Capital LP acquired a new position in Agora during the second quarter worth about $55,000. Hedge funds and other institutional investors own 40.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on API. Wall Street Zen lowered shares of Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Bank of America boosted their target price on shares of Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research note 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently 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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