Key Points
- CEO Bin Zhao purchased 5,438 Agora shares at an average price of $4.20, investing $22,839.60 and increasing his direct holdings to 2.14 million shares. The purchase was part of a broader series of insider buys totaling more than 90,000 shares since late September.
- Agora shares opened at $4.50, with a market capitalization of approximately $393 million, a 52-week range of $3.14 to $5.49, and strong liquidity indicated by a 5.11 current ratio. The company recently reported adjusted EPS of $0.02, beating estimates, on quarterly revenue of $40.42 million.
- Analyst sentiment remains cautious, with one Buy rating and two Hold ratings producing an average “Hold” consensus and a $6.80 price target. Institutional investors own approximately 40.4% of the company.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 5,438 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average cost of $4.20 per share, for a total transaction of $22,839.60. Following the acquisition, the chief executive officer directly owned 2,139,366 shares in the company, valued at $8,985,337.20. This trade represents a 0.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Bin Zhao also recently made the following trade(s):
- 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, for a total transaction of $36,731.07.
- On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The shares were purchased at an average price of $4.30 per share, with a total value of $41,955.10.
- On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was acquired at an average price of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao purchased 9,956 shares of Agora stock. The stock was acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
- On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, for a total transaction of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The stock was acquired 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 cost of $4.18 per share, for a total transaction of $40,600.34.
- On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
- On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The shares were bought 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 shares were bought at an average price of $4.18 per share, for a total transaction of $40,265.94.
Agora Stock Performance
NASDAQ:API opened at $4.50 on Friday. The business's fifty day moving average is $4.23 and its 200 day moving average is $4.09. The firm has a market cap of $392.94 million, a price-to-earnings ratio of 40.91 and a beta of 0.75. 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.
Agora (NASDAQ:API - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $40.44 million. Research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Agora
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC raised its position in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company's stock worth $195,000 after buying an additional 10,021 shares in the last quarter. AXQ Capital LP bought a new stake in Agora during the second quarter valued at $55,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Agora during the second quarter worth about $101,000. Hedge funds and other institutional investors own 40.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Weiss Ratings raised shares of Agora from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 9th. Finally, Bank of America upped their target price on shares of Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $6.80.
Get Our Latest Stock Report on API
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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