AGI (NYSE:AGBK) Trading 4.6% Higher – Here’s Why

AGI Inc (NYSE:AGBK) shares traded up 4.6% during mid-day trading on Tuesday . The stock traded as high as $6.49 and last traded at $6.4970. 37,354 shares traded hands during trading, a decline of 92% from the average session volume of 473,837 shares. The stock had previously closed at $6.21.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AGBK shares. Itau BBA Securities lowered 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. Oppenheimer lowered their target price on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Susquehanna set a $14.00 target price on AGI in a research note on Friday, May 8th. The Goldman Sachs Group set a $13.00 price target on AGI in a research report on Thursday, August 6th. Finally, Zacks Research lowered AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, AGI presently has a consensus rating of “Hold” and an average target price of $14.14.

AGI Price Performance

The stock has a market capitalization of $1.08 billion and a PE ratio of 11.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $6.70.

Insider Transactions at AGI

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the company’s stock in a transaction dated 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 approximately $2,115,311.77. This represents a 59.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.