Investment analysts at Canaccord Genuity Group began coverage on shares of AgileThought (NASDAQ:AGIL – Get Rating) in a research report issued to clients and investors on Friday, The Fly reports. The firm set a "buy" rating and a $7.00 price target on the stock. Canaccord Genuity Group's target price points to a potential upside of 84.21% from the company's previous close.
A number of other research analysts have also weighed in on the stock. Needham & Company LLC started coverage on shares of AgileThought in a research note on Tuesday, October 4th. They issued a "buy" rating and a $7.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of AgileThought in a research note on Monday, September 19th. They issued an "overweight" rating and a $6.00 price objective on the stock. Finally, Canaccord Genuity Group started coverage on shares of AgileThought in a research note on Friday. They issued a "buy" rating and a $7.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $7.00.
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AgileThought Stock Up 8.6 %
Shares of NASDAQ AGIL opened at $3.80 on Friday. The firm has a market cap of $183.12 million, a PE ratio of -5.43 and a beta of -0.22. AgileThought has a 12-month low of $3.40 and a 12-month high of $9.89. The company's fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.46. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.91.
AgileThought (NASDAQ:AGIL – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business had revenue of $43.40 million for the quarter, compared to analyst estimates of $42.10 million. AgileThought had a negative net
margin of 17.62% and a negative return on equity of 10.68%. As a group, sell-side analysts forecast that AgileThought will post -0.38 earnings per share for the current fiscal year.
Insider Activity at AgileThought
In related news, VP Mauricio Garduno Gonz Elizondo sold 39,192 shares of the firm's stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $3.93, for a total transaction of $154,024.56. Following the transaction, the vice president now directly owns 815,824 shares of the company's stock, valued at $3,206,188.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 72,268 shares of company stock valued at $279,161 over the last ninety days. Corporate insiders own 40.20% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC bought a new position in shares of AgileThought during the third quarter valued at about $1,197,000. Vanguard Group Inc. increased its holdings in AgileThought by 2.8% during the third quarter. Vanguard Group Inc. now owns 323,333 shares of the company's stock worth $1,261,000 after buying an additional 8,900 shares during the last quarter. Virtus Family Office LLC purchased a new stake in AgileThought during the third quarter worth about $757,000. Blair William & Co. IL increased its holdings in AgileThought by 9.4% during the third quarter. Blair William & Co. IL now owns 1,457,077 shares of the company's stock worth $5,683,000 after buying an additional 125,677 shares during the last quarter. Finally, State Street Corp increased its holdings in AgileThought by 87.7% during the second quarter. State Street Corp now owns 65,753 shares of the company's stock worth $340,000 after buying an additional 30,729 shares during the last quarter. 30.50% of the stock is owned by institutional investors.
AgileThought Company Profile
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AgileThought, Inc provides digital transformation services in the United States and Latin America. It offers product management services comprising AgileIgnite and DevOpsIgnite; user experience, application engineering, modernization and mobility, advanced data analytics, cloud architecture and migration, automation, and artificial intelligence and machine learning services.
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