Glauber Marques Correa Purchases 2,000 Shares of AGI (NYSE:AGBK) Stock

AGI Inc (NYSE:AGBK) COO Glauber Marques Correa purchased 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $7.33 per share, with a total value of $14,660.00. Following the completion of the acquisition, the chief operating officer owned 2,000 shares of the company’s stock, valued at approximately $14,660. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AGI Stock Performance

NYSE AGBK opened at $6.77 on Thursday. The firm has a market capitalization of $1.08 billion and a PE ratio of 21.83. The business has a fifty day moving average of $7.27. AGI Inc has a fifty-two week low of $6.40 and a fifty-two week high of $12.21.

AGI (NYSE:AGBK) last released its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $260.00 million during the quarter, compared to analyst estimates of $445.13 million.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AGBK shares. Weiss Ratings started coverage on AGI in a research report on Tuesday, May 12th. They set a “sell (d)” rating for the company. Wall Street Zen upgraded AGI to a “hold” rating in a research note on Saturday, February 21st. HSBC assumed coverage on AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 price target on the stock. Oppenheimer initiated coverage on AGI in a research note on Monday, March 9th. They set an “outperform” rating and a $15.00 price target for the company. Finally, Zacks Research raised AGI to a “hold” rating in a research note on Tuesday, March 10th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AGI has an average rating of “Moderate Buy” and an average price target of $15.86.

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.