Key Points
- Agora CEO Bin Zhao purchased 8,989 shares at an average price of $4.40, investing $39,551.60 and increasing his stake by 0.41% to 2.2 million shares.
- The purchase was part of a series of insider buys throughout October, totaling substantial additional shares acquired at prices ranging from $4.06 to $4.46.
- Agora reported quarterly EPS of $0.02, beating the consensus estimate of a $0.20 loss, while analysts maintain a consensus “Hold” rating with an average price target of $6.80.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 8,989 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average price of $4.40 per share, with a total value of $39,551.60. Following the purchase, the chief executive officer owned 2,204,735 shares of the company's stock, valued at approximately $9,700,834. This represents a 0.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The stock was acquired at an average price of $4.39 per share, for a total transaction of $43,772.69.
- On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The stock was acquired at an average price of $4.46 per share, for a total transaction of $42,427.98.
- On Tuesday, October 20th, Bin Zhao purchased 9,794 shares of Agora stock. The shares were acquired at an average cost of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were acquired at an average cost of $4.43 per share, with a total value of $38,984.00.
- On Thursday, October 15th, Bin Zhao acquired 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 shares were acquired at an average cost of $4.11 per share, with a total value of $36,731.07.
- On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The stock was acquired at an average price of $4.30 per share, for a total transaction of $41,955.10.
- On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was acquired at an average price of $4.20 per share, for a total transaction of $22,839.60.
- On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average cost of $4.06 per share, for a total transaction of $40,421.36.
Agora Price Performance
API stock opened at $4.39 on Friday. The business has a 50 day moving average price of $4.21 and a 200 day moving average price of $4.12. The stock has a market cap of $383.33 million, a price-to-earnings ratio of 39.91 and a beta of 0.75. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18.
Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. The firm 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%. Equities research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently weighed in on API shares. Weiss Ratings upgraded shares of Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Wall Street Zen downgraded shares of Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Bank of America lifted their price target 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Agora has a consensus rating of "Hold" and an average target price of $6.80.
Read Our Latest Research Report on API
Institutional Trading of Agora
A number of hedge funds and other institutional investors have recently made changes to their positions in API. Headlands Technologies LLC lifted its holdings in shares of 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 purchasing an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Agora during the 2nd quarter worth approximately $101,000. Finally, AXQ Capital LP purchased a new position in Agora during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 40.40% of the company's stock.
Agora Company Profile
(
Get Free Report)
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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