Key Points
- Agora CEO Bin Zhao purchased 5,301 shares at an average price of $4.08, increasing his holdings to 2,124,991 shares. The purchase was part of a series of insider buys totaling roughly $400,000 since late September.
- Agora shares were trading at $4.42, up 7.5%, and remained above their 50-day and 200-day moving averages. The company recently beat quarterly 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, producing an overall “Hold” consensus and an average price target of $6.80.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 5,301 shares of the stock in a transaction on Friday, October 9th. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08. Following the completion of the acquisition, the chief executive officer owned 2,124,991 shares of the company's stock, valued at $8,669,963.28. The trade was a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The shares were bought at an average cost of $4.06 per share, for a total transaction of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average price of $4.13 per share, with a total value of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought at an average price of $4.19 per share, with a total value of $40,948.87.
- On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, with a total value of $40,600.34.
- On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, with a total value of $37,257.15.
- On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The stock was bought at an average price of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was bought at an average price of $4.18 per share, for a total transaction of $40,265.94.
- On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The shares were bought at an average cost of $4.15 per share, for a total transaction of $38,860.60.
- On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, with a total value of $40,588.56.
- On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The shares were bought at an average price of $4.22 per share, with a total value of $40,195.50.
Agora Trading Up 7.5%
Shares of NASDAQ:API opened at $4.42 on Wednesday. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The company has a market capitalization of $385.95 million, a PE ratio of 40.19 and a beta of 0.75. The business has a 50 day moving average of $4.22 and a two-hundred day moving average of $4.07. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18.
Agora (NASDAQ:API - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 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.
Institutional Trading of Agora
A number of institutional investors and hedge funds have recently made changes to their positions in API. Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the 2nd quarter worth approximately $101,000. AXQ Capital LP purchased a new position in shares of Agora during the 2nd quarter valued at approximately $55,000. Finally, Headlands Technologies LLC grew its stake 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 period. 40.40% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Agora from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. 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. Finally, Weiss Ratings upgraded shares of Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.80.
Read Our Latest Report on API
Agora News Summary
Here are the key news stories impacting Agora this week:
- Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
- Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
- Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison
Agora Company Profile
(
Get Free Report)
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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