AGI (NYSE:AGBK) Hits New 12-Month Low – Should You Sell?

Shares of AGI Inc (NYSE:AGBK) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $4.91 and last traded at $4.8330, with a volume of 315,666 shares. The stock had previously closed at $7.58.

Analyst Ratings Changes

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

AGI Stock Performance

The stock has a market cap of $718.09 million and a P/E ratio of 7.58. 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 firm’s 50-day moving average price is $6.47 and its 200-day moving average price is $6.84.

Insider Buying and Selling at AGI

In other news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $11.99, for a total transaction of $3,074,068.14. Following the completion of the transaction, the chief technology officer owned 176,423 shares in the company, valued at $2,115,311.77. This trade represents a 59.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.