Key Points
- Agora CEO Bin Zhao purchased 9,549 shares at an average price of $4.47, investing $42,684 and increasing his stake by 0.43% to 2.23 million shares.
- Zhao has made multiple additional purchases in October, signaling sustained insider buying at prices ranging from $4.11 to $4.47 per share.
- Agora shares opened at $4.45, with a market capitalization of approximately $388.6 million. Analysts maintain a consensus “Hold” rating and an average price target of $6.80.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 9,549 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were purchased at an average price of $4.47 per share, for a total transaction of $42,684.03. Following the completion of the acquisition, the chief executive officer owned 2,234,882 shares of the company's stock, valued at $9,989,922.54. The trade was a 0.43% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Bin Zhao also recently made the following trade(s):
- On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $13,410.00.
- On Monday, October 26th, Bin Zhao acquired 7,692 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, for a total transaction of $34,383.24.
- On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The stock was acquired at an average price of $4.42 per share, for a total transaction of $43,784.52.
- On Monday, October 19th, Bin Zhao acquired 9,971 shares of Agora stock. The shares were bought at an average cost of $4.39 per share, with a total value of $43,772.69.
- On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The stock was bought at an average price of $4.40 per share, for a total transaction of $39,551.60.
- On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The shares were bought at an average price of $4.46 per share, with a total value of $42,427.98.
- On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The shares were bought at an average cost of $4.36 per share, with a total value of $42,701.84.
- On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The shares were bought at an average price 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 purchased at an average price of $4.45 per share, with a total value of $38,025.25.
- On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $36,731.07.
Agora Price Performance
Shares of NASDAQ API opened at $4.45 on Friday. The firm has a market cap of $388.57 million, a P/E ratio of 40.46 and a beta of 0.75. The business's 50 day moving average is $4.22 and its 200-day moving average is $4.16. 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, Inc. Sponsored ADR has a 1-year low of $3.14 and a 1-year high of $5.49.
Agora (NASDAQ:API - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have issued reports 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. Bank of America upped their price objective on shares of Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.80.
View Our Latest Analysis on Agora
Institutional Investors Weigh In On Agora
A number of large investors have recently bought and sold shares of API. Headlands Technologies LLC increased its stake in Agora by 25.8% in the second 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 in the last quarter. AXQ Capital LP acquired a new position in shares of Agora during the second quarter valued at about $55,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Agora during the second quarter valued at about $101,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.
About Agora
(
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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