AGI (NYSE:AGBK) CTO Sells 256,386 Shares

Key Points

• AGI CTO Vinicius Birkeland Aloe sold 256,386 shares at an average price of $11.99, generating approximately $3.07 million; the transaction reduced his direct holdings by 59.24% to 176,423 shares.
• AGBK shares recently traded at $6.75, near the lower end of their 12-month range of $5.91 to $12.21, with a market capitalization of approximately $1.08 billion.
• Analyst views are mixed: six analysts rate the stock Buy, one rates it Hold and two rate it Sell. The consensus rating is Hold, with an average price target of $14.14.

AGI Inc (NYSE:AGBK - Get Free Report) CTO Vinicius Birkeland Aloe sold 256,386 shares of AGI stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $11.99, for a total transaction of $3,074,068.14. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link.

Vinicius Birkeland Aloe also recently made the following trade(s):

• On Monday, August 31st, Vinicius Birkeland Aloe sold 406 shares of AGI stock. The stock was sold at an average price of $5.96, for a total transaction of $2,419.76.

AGI Stock Performance

NYSE:AGBK traded up $0.12 during mid-day trading on Wednesday, reaching $6.75. The stock had a trading volume of 171,295 shares, compared to its average volume of 473,679. 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 stock has a market cap of $1.08 billion and a price-to-earnings ratio of 11.43. AGI Inc has a twelve month low of $5.91 and a twelve month high of $12.21. The firm's 50 day moving average price is $6.70.

Analysts Set New Price Targets

Several research firms have recently commented on AGBK. Susquehanna set a $14.00 price target on AGI in a report on Friday, May 8th. Oppenheimer dropped their price objective on AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Weiss Ratings reissued a "sell (d)" rating on shares of AGI in a report on Friday, August 7th. Zacks Research lowered shares of AGI from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Finally, Itau BBA Securities cut shares of AGI from an "outperform" rating to a "market perform" rating and set a $9.00 price target on the stock. in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $14.14.

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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