AGI Inc (AGBK) – What Are Brokerages Saying About This Stock?

AGI Inc (NYSE:AGBK) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.14.

Several analysts recently weighed in on the company. Zacks Research lowered AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Oppenheimer reduced their target price on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock 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 reiterated a “sell (d)” rating on shares of AGI in a report on Friday, August 7th.

Insider Buying and Selling

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $11.99, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AGI Stock Down 37.4%

Shares of NYSE AGBK opened at $4.74 on Tuesday. The stock has a market capitalization of $758.71 million and a price-to-earnings ratio of 8.04. AGI has a 12-month low of $4.43 and a 12-month high of $12.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $6.46 and its 200-day moving average price is $7.43.

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.