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

Key Points

• AGI hit a new 52-week low, falling to $5.70 during Tuesday trading and last changing hands at $5.7740, below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the consensus rating is “Hold” with a $14.14 price target, while Zacks Research downgraded the stock to “strong sell” and Oppenheimer lowered its target to $9.00.
• AGI’s CTO sold 256,386 shares for about $3.07 million, reducing his ownership by 59.24%; the company has a $923.44 million market capitalization and a 9.79 P/E ratio.

AGI Inc (NYSE:AGBK - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $5.70 and last traded at $5.7740, with a volume of 131391 shares trading hands. The stock had previously closed at $5.89.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGBK. Zacks Research lowered shares of AGI from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AGI in a research report on Friday, August 7th. Oppenheimer cut their target price on AGI from $10.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group set a $13.00 price target on AGI in a research report on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $14.14.

AGI Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51. The stock's 50 day moving average price is $6.44 and its 200 day moving average price is $7.05. The company has a market capitalization of $923.44 million and a P/E ratio of 9.79.

Insider Transactions at AGI

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the company's stock in a transaction on 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 sale, the chief technology officer owned 176,423 shares of the company's stock, valued at approximately $2,115,311.77. This represents a 59.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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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