AGI Inc (NYSE:AGBK) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold” for AGI, based on nine firms: six buys, one hold and two sells. The average 12-month price target is $14.14.
• AGI shares opened at $5.80, near their 12-month low of $5.73, with a market capitalization of approximately $928 million and a P/E ratio of 9.84.
• CTO Vinicius Birkeland Aloe sold 256,386 shares for about $3.07 million, reducing his direct ownership by 59.24%.

Shares of AGI Inc (NYSE:AGBK - Get Free Report) have been assigned an average recommendation of "Hold" from the nine research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.14.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $13.00 price target on shares of AGI in a report on Thursday, August 6th. Zacks Research lowered AGI from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. Weiss Ratings restated a "sell (d)" rating on shares of AGI in a report on Friday, August 7th. Finally, Oppenheimer decreased their target price on shares of AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th.

AGI Stock Down 0.4%

AGBK opened at $5.80 on Friday. The company has a 50 day moving average of $6.48 and a 200 day moving average of $7.11. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. AGI has a 12 month low of $5.73 and a 12 month high of $12.21. The company has a market cap of $928.23 million and a PE ratio of 9.84.

Insider Transactions at AGI

In related news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $11.99, for a total value of $3,074,068.14. Following the sale, the chief technology officer directly owned 176,423 shares of the company's stock, valued at $2,115,311.77. This trade represents a 59.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.

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