Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 8,545 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao purchased 8,545 shares of Agora stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of $4.45 per share, for a total transaction of $38,025.25. Following the completion of the purchase, the chief executive officer owned 2,157,668 shares in the company, valued at $9,601,622.60. This represents a 0.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were bought at an average cost of $4.43 per share, for a total transaction of $38,984.00.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were bought at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were bought at an average price of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was bought at an average cost of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The stock was bought at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The stock was bought at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were bought 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 bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.

Agora Stock Up 0.5%

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Shares of NASDAQ:API opened at $4.37 on Tuesday. The company has a fifty day moving average of $4.23 and a 200-day moving average of $4.10. The company has a market capitalization of $381.59 million, a PE ratio of 39.73 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 announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. Agora had a return on equity of 1.96% and a net margin of 7.23%. The company had revenue of $40.42 million during the quarter, compared to analysts' expectations of $40.44 million. On average, equities analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Agora

Several large investors have recently modified their holdings of the business. AXQ Capital LP acquired a new position in shares of Agora during the second quarter worth $55,000. Headlands Technologies LLC grew its stake 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 purchasing an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Agora in the second quarter worth $101,000. Institutional investors own 40.40% of the company's stock.

Analyst Upgrades and Downgrades

API has been the subject of several research reports. Wall Street Zen downgraded Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Weiss Ratings raised Agora from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 9th. Finally, Bank of America lifted their price target on Agora from $6.60 to $6.80 and gave the company a "buy" rating in a research note on Friday, August 14th. One research 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 stock currently has a consensus rating of "Hold" and an average target price of $6.80.

View Our Latest Stock Report on Agora

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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