Agora (NASDAQ:API) CEO Bin Zhao Buys 9,464 Shares of Company Stock

Key Points

• Agora CEO Bin Zhao bought 9,464 shares at an average $4.29, spending about $40,601; afterward, he held approximately 2.31 million shares.
• The article lists multiple additional purchases by Zhao in late October and November, indicating a series of insider buys.
• Analysts’ average rating for Agora was Hold, with an average price target of $6.80; the company recently reported quarterly EPS of $0.02, above estimates, while revenue was roughly in line.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 9,464 shares of Agora stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $4.29 per share, with a total value of $40,600.56. Following the completion of the purchase, the chief executive officer owned 2,311,013 shares in the company, valued at approximately $9,914,245.77. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 11th, Bin Zhao bought 8,420 shares of Agora stock. The shares were purchased at an average cost of $4.33 per share, for a total transaction of $36,458.60.
• On Tuesday, November 10th, Bin Zhao bought 9,260 shares of Agora stock. The stock was acquired at an average price of $4.30 per share, for a total transaction of $39,818.00.
• On Friday, November 6th, Bin Zhao bought 8,966 shares of Agora stock. The stock was bought at an average price of $4.20 per share, for a total transaction of $37,657.20.
• On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The shares were bought at an average price of $4.33 per share, for a total transaction of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The shares were bought at an average price of $4.16 per share, for a total transaction of $41,600.00.
• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The shares were purchased at an average cost of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao bought 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 acquired 9,429 shares of Agora stock. The stock was purchased at an average cost 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, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 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 Stock Up 0.5%

NASDAQ:API opened at $4.32 on Thursday. The business's fifty day moving average price is $4.24 and its 200 day moving average price is $4.15. The firm has a market capitalization of $377.22 million, a price-to-earnings ratio of 39.28 and a beta of 0.88. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.

Agora (NASDAQ:API - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. The company had revenue of $40.42 million for 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, sell-side analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on API shares. Wall Street Zen lowered Agora from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Bank of America lifted their target price on shares of Agora from $6.60 to $6.80 and gave the company 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 report on Friday, October 9th. One investment 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, the company presently has an average rating of "Hold" and an average price target of $6.80.

Institutional Investors Weigh In On Agora

A number of large investors have recently added to or reduced their stakes in API. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter worth $101,000. 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 buying an additional 18,000 shares during the last quarter. AXQ Capital LP bought a new position in Agora in the 2nd quarter worth $55,000. Finally, Headlands Technologies LLC raised 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 acquiring an additional 10,021 shares during the period. Institutional investors own 40.40% of the company's stock.

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.

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