Agora (NASDAQ:API) Stock: Insider Bin Zhao Purchases 10,000 Shares

Key Points

• Agora CEO Bin Zhao bought 10,000 shares at an average $4.16 for $41,600, increasing his stake by 0.44% to 2,272,884 shares. The purchase followed a series of additional share purchases in late October and early November.
• Agora reported quarterly EPS of $0.02, beating the consensus estimate of a $0.20 loss; revenue of $40.42 million was roughly in line with expectations.
• Analyst sentiment is mixed: one analyst rates Agora a Buy and two rate it Hold, for an overall Hold rating and an average price target of $6.80.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 10,000 shares of the business's stock in a transaction dated Tuesday, November 3rd. The shares were purchased at an average price of $4.16 per share, for a total transaction of $41,600.00. Following the transaction, the chief executive officer directly owned 2,272,884 shares of the company's stock, valued at approximately $9,455,197.44. This represents a 0.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, November 2nd, Bin Zhao acquired 9,478 shares of Agora stock. The stock was purchased at an average cost of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were acquired at an average price of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The shares were bought at an average cost of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, for a total transaction of $42,684.03.
• On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The stock was acquired at an average cost of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The shares were bought at an average price of $4.39 per share, for a total transaction of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The shares were bought at an average cost of $4.40 per share, for a total transaction 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, for a total transaction of $42,427.98.

Agora Price Performance

Agora stock traded up $0.22 during trading hours on Wednesday, hitting $4.38. The stock had a trading volume of 65,016 shares, compared to its average volume of 343,276. Agora, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49. The stock has a market capitalization of $382.46 million, a price-to-earnings ratio of 39.82 and a beta of 0.88. The stock's fifty day moving average is $4.22 and its two-hundred day moving average is $4.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

Agora (NASDAQ:API - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million during 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%. As a group, analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Agora

Several hedge funds have recently made changes to their positions in API. AXQ Capital LP acquired a new position in Agora in the second quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new stake in Agora in the 2nd quarter worth about $101,000. Finally, Headlands Technologies LLC boosted its stake 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 buying an additional 10,021 shares during the last quarter. Institutional investors and hedge funds own 40.40% of the company's stock.

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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