AGI (NYSE:AGBK) Hits New 1-Year Low - Should You Sell?

Key Points

• AGI shares hit a new 52-week low, falling to $5.88 intraday from a prior close of $6.04. The stock is down 3.2%, with a market capitalization of approximately $934.6 million.
• Analyst sentiment is mixed: AGI has a consensus rating of “Hold” and an average price target of $14.14, while Zacks Research downgraded it to “strong sell” and other firms maintain bullish ratings.
• AGI’s chief technology officer sold 256,386 shares for roughly $3.07 million, reducing his direct ownership by 59.24%.

AGI Inc (NYSE:AGBK - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.88 and last traded at $5.89, with a volume of 206956 shares traded. The stock had previously closed at $6.04.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AGBK. Weiss Ratings reaffirmed 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. The Goldman Sachs Group set a $13.00 price target on shares of AGI in a report on Thursday, August 6th. Finally, Oppenheimer lowered their price objective on AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, AGI presently has a consensus rating of "Hold" and a consensus price target of $14.14.

AGI Stock Down 3.2%

The company has a market cap of $934.63 million and a P/E ratio of 9.91. The stock has a 50-day moving average of $6.53 and a two-hundred day moving average of $7.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51.

Insiders Place Their Bets

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the business's stock in a transaction on 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 sale, the chief technology officer directly owned 176,423 shares of the company's stock, valued at $2,115,311.77. The trade was a 59.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AGI Company Profile

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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