Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 8,545 Shares

Key Points

• CEO Bin Zhao continued buying Agora shares, purchasing 8,545 shares at an average $4.45 each for approximately $38,025. Following the transaction, he directly owned 2.16 million shares.
• Zhao has made multiple purchases throughout October, signaling sustained insider buying as Agora’s stock traded near $4.35, within a 52-week range of $3.14 to $5.49.
• Agora recently exceeded quarterly EPS expectations, reporting $0.02 versus the anticipated loss of $0.20, but analysts maintain an overall “Hold” rating with an average price target of $6.80.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 8,545 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were purchased at an average cost of $4.45 per share, for a total transaction of $38,025.25. Following the purchase, the chief executive officer directly owned 2,157,668 shares of the company's stock, valued at $9,601,622.60. This trade represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, with a total value 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, for a total transaction 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, for a total transaction of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were acquired at an average price of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was bought at an average cost of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was bought at an average price of $4.11 per share, with a total value of $37,257.15.

Agora Price Performance

API stock opened at $4.35 on Monday. 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 stock has a market cap of $379.84 million, a PE ratio of 39.55 and a beta of 0.75. The stock has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $4.09. 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 announced 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. Agora had a return on equity of 1.96% and a net margin of 7.23%. The business had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Equities analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

API has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of Agora from $6.60 to $6.80 and gave the company a "buy" rating in a report on Friday, August 14th. Wall Street Zen cut shares of Agora from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $6.80.

Institutional Trading of Agora

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in Agora in the second quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the 2nd quarter worth about $101,000. Finally, Headlands Technologies LLC increased its stake in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company's stock worth $195,000 after purchasing an additional 10,021 shares during the last quarter. 40.40% of the stock is owned by institutional investors.

Agora Company Profile

Agora, Inc NASDAQ: API provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company's offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.

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