AGI (NYSE:AGBK) Shares Down 0.3% – Here’s What Happened

Shares of AGI Inc (NYSE:AGBK) fell 0.3% on Friday . The company traded as low as $7.05 and last traded at $7.24. 140,961 shares changed hands 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.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. Itau BBA Securities downgraded shares of 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. Finally, Weiss Ratings assumed coverage on shares of AGI in a report on Tuesday, May 12th. They issued a “sell (d)” rating for the company. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.86.

AGI Price Performance

The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 23.35. The stock’s 50-day moving average is $7.05.

AGI (NYSE:AGBK) last released its quarterly earnings data 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 firm had revenue of $260.00 million during 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.