Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 8,966 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 8,966 shares of the company's stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of $4.20 per share, for a total transaction of $37,657.20. Following the transaction, the chief executive officer directly owned 2,301,549 shares of the company's stock, valued at $9,666,505.80. This trade represents a 0.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, November 5th, Bin Zhao bought 9,699 shares of Agora stock. The shares were bought at an average price of $4.33 per share, with a total value of $41,996.67.
• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The stock was bought at an average cost of $4.16 per share, with a total value of $41,600.00.
• On Monday, November 2nd, Bin Zhao purchased 9,478 shares of Agora stock. The stock was bought at an average cost of $4.37 per share, with a total value of $41,418.86.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was bought at an average price of $4.38 per share, for a total transaction of $39,836.10.
• On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The stock was bought at an average price 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 shares were bought at an average price 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 bought at an average price 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 bought at an average cost 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 bought 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 shares were purchased at an average cost of $4.39 per share, for a total transaction of $43,772.69.

Agora Stock Up 1.9%

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API stock opened at $4.28 on Tuesday. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company has a market cap of $373.73 million, a PE ratio of 38.91 and a beta of 0.88. The business's 50-day simple moving average is $4.23 and its 200 day simple moving average is $4.15. 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 issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Wall Street Zen lowered Agora from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Bank of America raised their target price on Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.80.

Read Our Latest Stock Report on API

Institutional Trading of Agora

Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Agora in the second quarter valued at about $101,000. Allspring Global Investments Holdings LLC raised its position in Agora by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company's stock worth $7,531,000 after purchasing an additional 18,000 shares in the last quarter. AXQ Capital LP acquired a new position in Agora in the second quarter worth about $55,000. Finally, Headlands Technologies LLC raised its position in 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 in the last quarter. 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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