Key Points
- CEO Bin Zhao bought 9,095 Agora shares at an average of $4.38 each, spending $39,836 and increasing his ownership by 0.41% to 2.25 million shares. The purchase was part of a series of insider buys during October.
- Agora shares opened at $4.33 and have traded between $3.14 and $5.49 over the past year. The company recently exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss.
- Analysts maintain a consensus “Hold” rating with a $6.80 price target, while institutional investors own approximately 40.4% of the company.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao acquired 9,095 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average price of $4.38 per share, for a total transaction of $39,836.10. Following the completion of the transaction, the chief executive officer owned 2,253,406 shares in the company, valued at $9,869,918.28. The trade was a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Bin Zhao also recently made the following trade(s):
- On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The stock was purchased at an average cost of $4.45 per share, for a total transaction of $41,959.05.
- On Wednesday, October 28th, Bin Zhao acquired 9,549 shares of Agora stock. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $42,684.03.
- On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The shares were purchased at an average price of $4.47 per share, with a total value of $13,410.00.
- On Monday, October 26th, Bin Zhao bought 7,692 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, with a total value of $34,383.24.
- On Friday, October 23rd, Bin Zhao bought 9,906 shares of Agora stock. The stock was purchased at an average price of $4.42 per share, with a total value of $43,784.52.
- On Monday, October 19th, Bin Zhao bought 9,971 shares of Agora stock. The stock was purchased at an average cost of $4.39 per share, for a total transaction of $43,772.69.
- On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The stock was purchased at an average cost of $4.40 per share, for a total transaction of $39,551.60.
- On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The shares were purchased 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 purchased at an average price of $4.36 per share, for a total transaction of $42,701.84.
- On Friday, October 16th, Bin Zhao purchased 8,800 shares of Agora stock. The shares were purchased at an average cost of $4.43 per share, with a total value of $38,984.00.
Agora Trading Down 1.4%
NASDAQ API opened at $4.33 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $378.10 million, a P/E ratio of 39.37 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The firm has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.16.
Agora (NASDAQ:API - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.22. The company had revenue of $40.42 million for the quarter, compared to analysts' expectations of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. Equities research analysts expect that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.
Institutional Trading of Agora
A number of institutional investors have recently added to or reduced their stakes in the stock. AXQ Capital LP acquired a new position in Agora during the second quarter worth about $55,000. Headlands Technologies LLC increased its holdings 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 buying an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Agora during the 2nd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 40.40% of the company's stock.
Wall Street Analyst Weigh In
API has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a report on Friday, August 14th. Wall Street Zen cut Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised Agora from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.80.
Read Our Latest Stock Report on Agora
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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