Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 9,837 Shares

Key Points

• CEO Bin Zhao bought 9,837 Agora shares at an average price of $4.13, investing $40,626.81 and increasing his ownership to 2,109,734 shares. The purchase was part of a broader buying streak totaling multiple transactions since September 25.
• Agora shares opened at $4.11, with a market capitalization of approximately $358.9 million and a 12-month trading range of $3.14 to $5.49. The company’s latest quarterly results beat EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss.
• Analyst sentiment remains mixed, with one Buy rating and two Hold ratings; the consensus rating is Hold, while the average price target is $6.80. Institutional investors and hedge funds own approximately 40.4% of the stock.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao acquired 9,837 shares of the business's stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average cost of $4.13 per share, for a total transaction of $40,626.81. Following the completion of the purchase, the chief executive officer owned 2,109,734 shares of the company's stock, valued at $8,713,201.42. This trade represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was bought at an average price of $4.08 per share, for a total transaction of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were purchased at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were purchased at an average cost of $4.19 per share, with a total value of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, for a total transaction of $38,409.00.
• On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $40,265.94.
• On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $38,860.60.
• On Monday, September 28th, Bin Zhao acquired 9,804 shares of Agora stock. The shares were purchased at an average price of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The shares were purchased at an average cost of $4.22 per share, with a total value of $40,195.50.

Agora Price Performance

Shares of NASDAQ API opened at $4.11 on Tuesday. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The firm has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $4.07. The company has a market capitalization of $358.89 million, a PE ratio of 37.37 and a beta of 0.75. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.

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

Institutional Investors Weigh In On Agora

A number of large investors have recently bought and sold shares of API. AXQ Capital LP bought 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 second quarter valued at about $101,000. Finally, Headlands Technologies LLC raised its holdings in shares of Agora by 25.8% during the second 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. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on API shares. Weiss Ratings raised Agora from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. Wall Street Zen cut Agora from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Bank of America raised their target price on Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Agora presently has an average rating of "Hold" and an average target price of $6.80.

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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