Agora (NASDAQ:API) CEO Bin Zhao Buys 9,906 Shares of Stock

Key Points

• CEO Bin Zhao purchased 9,906 Agora shares at an average price of $4.42, investing $43,784.52 and increasing his stake by 0.45% to 2.21 million shares. The purchase was part of a series of insider buys during October.
• Agora shares opened at $4.48, with a market capitalization of approximately $391 million and a 12-month trading range of $3.14 to $5.49. The company’s latest quarterly results showed adjusted EPS of $0.02, ahead of the expected $0.20 loss, on revenue of $40.42 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $6.80 target price; Bank of America maintains a Buy rating, while other analysts rate the stock Hold.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao acquired 9,906 shares of the business's stock in a transaction on Friday, October 23rd. The shares were purchased at an average price of $4.42 per share, with a total value of $43,784.52. Following the transaction, the chief executive officer owned 2,214,641 shares in the company, valued at $9,788,713.22. The trade was a 0.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $34,383.24.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was bought at an average cost of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was purchased 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 stock was purchased at an average price of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The stock was acquired at an average price of $4.36 per share, for a total transaction of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao acquired 8,545 shares of Agora stock. The stock was acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were acquired at an average price of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The shares were acquired at an average price of $4.20 per share, with a total value of $22,839.60.

Agora Stock Performance

Shares of API opened at $4.48 on Tuesday. 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 cap of $391.19 million, a P/E ratio of 40.73 and a beta of 0.75. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $4.21 and a two-hundred day moving average of $4.16.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings upgraded Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Wall Street Zen lowered shares of Agora from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Agora has a consensus rating of "Hold" and a consensus target price of $6.80.

Institutional Trading of Agora

Several hedge funds and other institutional investors have recently bought and sold shares of API. 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 valued at $195,000 after acquiring an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Agora during the second quarter worth approximately $101,000. Finally, AXQ Capital LP purchased a new position in Agora during the second quarter worth approximately $55,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Agora Company Profile

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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