Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,065 Shares
by Sarita Garza · The Markets DailyAgora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,065 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was bought at an average cost of $4.11 per share, for a total transaction of $37,257.15. Following the purchase, the chief executive officer owned 2,080,411 shares of the company’s stock, valued at approximately $8,550,489.21. This represents a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Bin Zhao also recently made the following trade(s):
- On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were bought at an average cost of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average cost of $4.06 per share, with a total value of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were bought at an average cost of $4.13 per share, with a total value of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were bought at an average price of $4.19 per share, for a total transaction of $40,948.87.
- On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were bought at an average price of $4.18 per share, for a total transaction of $40,600.34.
- On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, with a total value of $40,265.94.
- On Tuesday, September 29th, Bin Zhao bought 9,364 shares of Agora stock. The stock was bought at an average cost of $4.15 per share, with a total value of $38,860.60.
- On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was bought at an average cost of $4.14 per share, with a total value of $40,588.56.
- On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The shares were purchased at an average price of $4.22 per share, with a total value of $40,195.50.
Agora Price Performance
API stock opened at $4.32 on Thursday. The stock has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $4.08. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The stock has a market cap of $377.22 million, a PE ratio of 39.28 and a beta of 0.75. 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 (NASDAQ:API – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The company 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 analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
Trending Headlines about Agora
Here are the key news stories impacting Agora this week:
- Positive Sentiment: Zhao bought approximately 167,385 shares for about $696,000 across 18 transactions, with purchase prices ranging from $3.98 to $4.33 per share. His ownership increased to 2,124,991 shares after the latest purchase. Repeated buying by the CEO may reassure investors that management considers the stock undervalued and sees potential for improved business performance. Agora CEO insider buying report
- Positive Sentiment: Agora’s shares have been trading above their 50-day and 200-day moving averages, suggesting improving technical momentum. The company also previously exceeded quarterly EPS expectations, reporting $0.02 versus the consensus estimate of a $0.20 loss, although revenue was essentially in line with forecasts.
- Neutral Sentiment: Institutional ownership remains meaningful at approximately 40.4%, and several funds recently initiated or expanded positions. However, these transactions were relatively small and do not represent a major change in the investment thesis.
- Neutral Sentiment: Analyst sentiment remains mixed: Bank of America maintained a Buy rating and raised its price target to $6.80, while other coverage is at Hold. The overall consensus rating is Hold, leaving additional upside dependent on improving operating results or new business catalysts.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in API. AXQ Capital LP bought a new position in Agora in the second quarter valued at $55,000. Headlands Technologies LLC increased its stake in 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 buying an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Agora during the 2nd quarter worth about $101,000. Institutional investors own 40.40% of the company’s stock.
Analysts Set New Price Targets
API has been the topic of a number of recent research reports. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Bank of America upped their price target 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.80.
Get Our Latest Analysis on Agora
About Agora
Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.
The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.
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