Insider Buying: Agora (NASDAQ:API) CEO Purchases $13,410.00 in Stock

Key Points

• Agora CEO Bin Zhao purchased 3,000 shares at $4.47 each, investing $13,410 and increasing his direct ownership to 2,225,333 shares. The purchase follows numerous additional insider buys in October.
• Agora’s shares opened at $4.46, with a market capitalization of approximately $389 million and a 52-week trading range of $3.14 to $5.49. The company recently exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss.
• Analyst sentiment remains mixed, with one Buy and two Hold ratings; the consensus rating is Hold with a $6.80 price target. Institutional investors and hedge funds own 40.4% of the stock.

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao acquired 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 27th. The stock was bought at an average price of $4.47 per share, with a total value of $13,410.00. Following the transaction, the chief executive officer directly owned 2,225,333 shares in the company, valued at $9,947,238.51. The trade was a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, for a total transaction of $42,684.03.
• On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased at an average cost of $4.47 per share, with a total value of $34,383.24.
• On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was purchased 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 purchased at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao purchased 8,989 shares of Agora stock. The shares were purchased 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.
• On Tuesday, October 20th, Bin Zhao acquired 9,794 shares of Agora stock. The shares were purchased at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was acquired at an average cost of $4.43 per share, for a total transaction of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, with a total value of $38,025.25.
• On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.

Agora Price Performance

Shares of API stock opened at $4.46 on Thursday. The firm's 50 day moving average price is $4.22 and its two-hundred day moving average price is $4.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The stock has a market cap of $389.45 million, a PE ratio of 40.55 and a beta of 0.75.

Agora (NASDAQ:API - Get Free Report) last posted 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. 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. As a group, analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Agora

Several institutional investors and hedge funds have recently modified their holdings of the business. AXQ Capital LP bought a new stake in Agora during the 2nd quarter worth approximately $55,000. Public Employees Retirement System of Ohio acquired a new stake in Agora during the 2nd quarter worth approximately $101,000. Finally, Headlands Technologies LLC raised its holdings in 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 buying an additional 10,021 shares during the period. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings raised Agora from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 9th. Bank of America lifted their price objective on shares of Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, Wall Street Zen cut 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.80.

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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