AGI Inc (NYSE:AGBK) Stock Now Rated “Hold” by Wall Street Brokerages

AGI Inc (NYSE:AGBK) has received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Two 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.14.

AGBK has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGI in a report on Friday, August 7th. The Goldman Sachs Group set a $13.00 target price on shares of AGI in a report on Thursday, August 6th. Oppenheimer decreased their price target on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th.

Insider Buying and Selling

In related news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief technology officer directly owned 176,423 shares of the company’s stock, valued at approximately $2,115,311.77. The trade was a 59.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AGI Stock Performance

Shares of AGBK opened at $5.80 on Friday. AGI has a one year low of $5.73 and a one year high of $12.21. The firm has a market capitalization of $928.23 million and a P/E ratio of 9.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day moving average of $6.48 and a 200 day moving average of $7.11.

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.