Key Points
- CEO Bin Zhao bought 8,420 Agora shares at an average price of $4.33, spending about $36,459; he now owns 2,328,693 shares, and the purchase followed a series of other recent buys.
- Agora shares were reported down 5.3%, opening at $4.09; the stock’s 12-month range is $3.14 to $5.49.
- In its latest reported quarter, Agora posted EPS of $0.02, beating the $0.20-per-share loss analysts expected, while revenue of $40.42 million was roughly in line with estimates. Analysts’ consensus rating was Hold, with a $6.80 target price.
Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao acquired 8,420 shares of the business's stock in a transaction dated Wednesday, November 11th. The shares were bought at an average price of $4.33 per share, for a total transaction of $36,458.60. Following the acquisition, the chief executive officer owned 2,328,693 shares of the company's stock, valued at approximately $10,083,240.69. This represents a 0.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bin Zhao also recently made the following trade(s):
- On Tuesday, November 10th, Bin Zhao acquired 9,260 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, with a total value of $39,818.00.
- On Monday, November 9th, Bin Zhao bought 9,464 shares of Agora stock. The stock was bought at an average price of $4.29 per share, with a total value of $40,600.56.
- On Friday, November 6th, Bin Zhao bought 8,966 shares of Agora stock. The stock was bought at an average price of $4.20 per share, with a total value of $37,657.20.
- On Thursday, November 5th, Bin Zhao bought 9,699 shares of Agora stock. The stock was bought at an average price of $4.33 per share, with a total value of $41,996.67.
- On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The shares were bought at an average cost of $4.16 per share, for a total transaction of $41,600.00.
- On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The shares were bought at an average cost of $4.37 per share, for a total transaction of $41,418.86.
- On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were 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 shares were bought at an average price of $4.45 per share, for a total transaction of $41,959.05.
- On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $42,684.03.
- On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The stock was bought at an average cost of $4.47 per share, with a total value of $13,410.00.
Agora Trading Down 5.3%
NASDAQ:API opened at $4.09 on Friday. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The firm has a fifty day simple moving average of $4.24 and a 200-day simple moving average of $4.15. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $357.14 million, a P/E ratio of 37.19 and a beta of 0.88.
Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million for the quarter, compared to analyst estimates of $40.44 million. On average, equities 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 commented on the company. Wall Street Zen cut Agora from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Bank of America increased their price objective on Agora from $6.60 to $6.80 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Agora from a "hold (c-)" rating to a "hold (c)" rating in a 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.com, Agora presently has a consensus rating of "Hold" and a consensus target price of $6.80.
Check Out Our Latest Research Report on Agora
Hedge Funds Weigh In On Agora
A number of institutional investors have recently bought and sold shares of API. Allspring Global Investments Holdings LLC raised its position in Agora by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company's stock worth $7,531,000 after buying an additional 18,000 shares during the last quarter. Headlands Technologies LLC lifted its stake in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company's stock valued at $195,000 after acquiring an additional 10,021 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora in the 2nd quarter valued at $101,000. Finally, AXQ Capital LP purchased a new stake in shares of Agora in the 2nd quarter valued at $55,000. 40.40% of the stock is owned by hedge funds and other institutional investors.
About Agora
(
Get Free Report)
Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.
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