Key Points
- AGI COO Glauber Marques Correa bought 2,000 shares on June 1 at an average price of $7.33, worth about $14,660, increasing his direct ownership to 2,000 shares.
- AGBK stock fell 3.9% and opened at $7.02, trading near its 50-day average of $7.35 and well below its 12-month high of $12.21.
- The company recently beat EPS expectations with quarterly earnings of $0.26 per share, though revenue came in below forecasts at $260 million; analysts currently rate the stock a Moderate Buy with a $15.86 consensus target.
AGI Inc (NYSE:AGBK - Get Free Report) COO Glauber Marques Correa purchased 2,000 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $7.33 per share, with a total value of $14,660.00. Following the completion of the transaction, the chief operating officer directly owned 2,000 shares of the company's stock, valued at $14,660. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
AGI Stock Down 3.9%
Shares of AGBK opened at $7.02 on Wednesday. The firm's 50 day simple moving average is $7.35. AGI Inc has a 12 month low of $6.40 and a 12 month high of $12.21. The stock has a market capitalization of $1.12 billion and a P/E ratio of 22.64.
AGI (NYSE:AGBK - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $260.00 million during the quarter, compared to the consensus estimate of $445.13 million.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Zacks Research raised AGI to a "hold" rating in a research report on Tuesday, March 10th. The Goldman Sachs Group assumed coverage on AGI in a research report on Monday, March 9th. They set a "buy" rating and a $19.00 price target on the stock. Citigroup assumed coverage on AGI in a research report on Monday, March 9th. They set a "buy" rating and a $18.00 price target on the stock. 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. Finally, Susquehanna set a $14.00 price target on AGI in a research report on Friday, May 8th. 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.86.
Check Out Our Latest Analysis on AGBK
AGI Company Profile
(
Get Free Report)
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.
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