AGI (NYSE:AGBK) Shares Down 0.3% – Time to Sell?

AGI Inc (NYSE:AGBK) shares were down 0.3% during trading on Friday . The stock traded as low as $7.05 and last traded at $7.24. 140,961 shares were traded during mid-day trading, a decline of 74% from the average session volume of 531,941 shares. The stock had previously closed at $7.26.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGBK shares. Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, May 6th. Susquehanna set a $14.00 price target on AGI in a report on Friday, May 8th. Finally, Weiss Ratings initiated coverage on AGI in a research report on Tuesday, May 12th. They issued a “sell (d)” rating for the company. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.86.

AGI Stock Down 0.3%

The stock has a market capitalization of $1.16 billion and a P/E ratio of 23.35. The business has a 50-day moving average price of $7.05.

AGI (NYSE:AGBK) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $260.00 million for the quarter, compared to the consensus estimate of $445.13 million.

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.