AGI Inc (NYSE:AGBK) Receives Average Rating of “Hold” from Brokerages

AGI Inc (NYSE:AGBK) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.14.

AGBK has been the topic of a number of recent analyst reports. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Oppenheimer decreased their price target on shares of AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group set a $13.00 target price on shares of AGI in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGI in a report on Friday, August 7th.

AGI Stock Performance

AGBK stock opened at $5.46 on Friday. AGI has a twelve month low of $5.41 and a twelve month high of $12.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31. The company has a market cap of $873.22 million and a P/E ratio of 9.25. The business’s fifty day moving average is $6.37 and its 200-day moving average is $6.97.

Insider Activity

In other news, CTO Vinicius Birkeland Aloe sold 256,386 shares of AGI stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $11.99, for a total transaction of $3,074,068.14. Following the completion of the transaction, the chief technology officer directly owned 176,423 shares in the company, valued at approximately $2,115,311.77. The trade was a 59.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.